Word: merkel
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...European unity. Less than 24 hours after leaders of the European Union's four largest countries gathered in Paris Saturday to pledge a collective defense in the global financial crisis, the strategy crumbled in the face of a still worsening credit crisis in Europe's banks. German Chancellor Angela Merkel, faced with the breakdown of a government-brokered deal with German banks to save one of Germany's biggest mortgage lenders, announced that all German bank deposits would be guaranteed by the government, causing consternation and anger among her European neighbors, many of whom felt compelled to follow suit...
...between Saturday's rhetoric and Monday's reckoning was amply visible in advance. For all the brave-sounding statements about a common response at French President Nicolas Sarkozy's conclave on Saturday, he and Merkel, along with Prime Ministers Gordon Brown of Britain and Silvio Berlusconi of Italy, couldn't agree on substantial international measures to shore up Europe's beleaguered financial markets; they in fact had little standing to do so. By Sunday, the national governments in the 27-member E.U., including the 15 that use the euro currency, all seemed concerned first and foremost with the conditions...
...Germany's action came just a day after Merkel had joined Sarkozy, Berlusconi and Brown in grumbling about a similar total savings guarantee announced last week by Ireland, which E.U. competition authorities had already pledged to challenge as a competition-distorting measure. But with Germany, Europe's largest economy, reversing its stand and taking that same route Sunday, Austria said it would follow suit - making it the fourth E.U. nation to guarantee private savings, along with Greece. Denmark and Sweden also raised the limits on savings they would guarantee, and by Monday, even British Finance Minister Alistair Darling was giving...
...Mikheil Saakashvili who ignited the war by attacking South Ossetia in the first place. Saakashvili miscalculated that the U.S. and the rest of Europe would support his action and come to his defense. His subsequent rhetoric was aggravating, which provoked the Russians and produced natural consequences. German Chancellor Angela Merkel played second fiddle to him. Her popularity is at a very low ebb in Germany. Saakashvili should follow President Musharraf and tender his resignation before things get hotter in the region. Henry Assen, BRUSSELS...
...Steinmeier, a jurist with wide experience in foreign policy and in the chancellery who served as Schroeder's chief of staff, is considered a steady hand on the tiller in turbulent times. Only Merkel scores higher in public opinion polls. But Steinmeier has never run for political office and analysts question whether his current popularity is not more the result of him being foreign minister, a post that traditionally receives high ratings from the public, than his electability. "Who is Frank Walter Steinmeier?" asked Die Welt, a newspaper, in a comment Monday. "He is not unlike Angela Merkel, in that...