Word: merkel
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...Germany Better Late than Never After months of denying there was any need for a rescue, Chancellor Angela Merkel unveiled a $66 billion stimulus package and a $132 billion loan fund to help Europe's largest economy through its worst recession since World...
...farce played out in Brussels, Czech Prime Minister Mirek Topolanek - the Czech Republic currently holds the E.U. presidency - and German Chancellor Angela Merkel were phoning Russian Prime Minister Vladimir Putin, warning him that Gazprom and Russia faced the loss of reputation and revenues as Western customers looked elsewhere. The E.U. efforts were almost all aimed at the Russians rather than the Ukrainians. They also spoke with Ukrainian officials. It helps that the E.U. is Ukraine's largest aid donor. Ukraine is facing a financial meltdown, and recently asked for a $16.4 billion International Monetary Fund bailout. Gazprom, owing around...
...Merkel is also returning to the international stage. After being seen as a major power broker in the first two years of her administration - Forbes has twice picked her as the world's most powerful woman - when the financial crisis hit, Merkel seemed to wilt, clueless as to how to respond. But now she is moving out in front again, showing that Germany is keen to play an active role in resolving international crises. Germany was quick to supply troops to fight pirates in the Gulf of Aden, and Merkel has been urging a cease-fire in Gaza...
...Merkel is also keen to play an active role in shaping the debate about what international financial market regulation should look like after the crisis. At the Paris conference on the future of capitalism hosted this week by Nicolas Sarkozy and Tony Blair, Merkel was pushing for greater regulation of financial markets, according to government officials. The German delegation to the G20, which meets again in April, has been pressing for tough regulation of banks, hedge funds and private equity. Next week, Merkel plays host to British Prime Minister Gordon Brown, whose own bailout plans created the template...
...more flexibility for mothers and the elderly. The U.S. will not mimic Europe for many reasons - size, diversity, tradition and, of course, vested interests - but we can learn from Europe. Most important, we can see how government can be a partner of the private sector, not an enemy. (Read "Merkel's Caution on Economy Draws Fire...