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...That movement came to an abrupt halt over the weekend with the surprise resignation of the party's combative chief, Kurt Beck. His unseating followed the widely expected anointing of Germany's silver-haired Foreign Minister, Frank-Walter Steinmeier, known as the "Graue Effizienz" (a play on the term "Grey Eminence"), as the party's candidate for Chancellor - a post Beck had until recently been eyeing himself. In another unexpected move, the party's former chairman, Franz Muentefering, like Steinmeier a close aide to former Chancellor Gerhard Schroeder, was put forward (though not yet formally voted in) to replace Beck...

Author: /time Magazine | Title: A Shake-Up in German Politics | 9/8/2008 | See Source »

...This all smells like a putsch rather than a new beginning," Joschka Fischer, former foreign minister and Green Party leader wrote in the weekly Die Zeit. "Compared to Frank-Walter Steinmeier, Sisyphus would be happy. It will be a tough journey for him and his party, presumably into opposition...

Author: /time Magazine | Title: A Shake-Up in German Politics | 9/8/2008 | See Source »

...motivate Brown's tougher line, there are also a few hard truths to factor into a common response to Russia. Most vitally, Europe has a deep dependence on Russian oil and gas supplies. Its citizens, moreover, are concerned that Europe should not contribute to what German Foreign Minister Frank-Walter Steinmeier called a "spiral of provocations" that could lead to a conflict far beyond Europe's capacity. And while it's hardly an end in itself, 
 European consensus is essential in the face of Russia's growing ambition...

Author: /time Magazine | Title: Russia: In Search Of Unity | 9/4/2008 | See Source »

...Talks had been ongoing for months, but were hampered by Dresdner executives who knew that the merger could cost them their jobs. On the Dresdner management board, only CEO Herbert Walter backed the deal, and he will take a new job on the board of the new Commerzbank...

Author: /time Magazine | Title: The German Merger Against the Odds | 9/1/2008 | See Source »

...process. Ronald Reagan never staged an ugly August. He attacked his opponents, but on the high ground of policy. His most famous advertising gambit was a balm: "Morning in America," a series of ads filled with gorgeous American images that didn't even mention Reagan's 1984 opponent, Walter Mondale. But then Reagan was operating at the beginning of a political pendulum swing, utterly confident that his ideas were better than the tired industrial-age liberalism and post-Vietnam pacifism of the Democrats...

Author: /time Magazine | Title: What Bush Taught McCain | 8/28/2008 | See Source »

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