Word: chancellor
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...decision to back out of the sale of its European operations this week was a huge embarrassment for German Chancellor Angela Merkel. She had thrown her weight behind the bid by the Canadian-Austrian car-parts maker Magna and its Russian partner, Sberbank, to buy Opel and Vauxhall from the beginning, seeing it as the best way to save German jobs and offering both sides billions of dollars in loan guarantees to grease the wheels. Before GM made its sudden U-turn on Nov. 3, Merkel had also been riding high. She was coming off an electoral victory in September...
...summer, when a sleepy copyright case, Authors Guild et al. vs. Google Inc., erupted into an intercontinental brawl. Hundreds of authors and publishers from the Netherlands to New Zealand have written to U.S. District Court Judge Denny Chin, some expressing astonishment and outrage. France and Germany have protested; German Chancellor Angela Merkel singled out Google for criticism in a podcast this month. (Read about the book price war among Amazon, Walmart and Target...
...faint-hearted. Just ask President Obama. So an air of menace could help Philipp Rösler, Germany's new Health Minister, in his quest to shake up the country's expensive public health-care system. At 36, the Vietnamese-born politician is the youngest member of Chancellor Angela Merkel's new center-right coalition government and the first Asian ever to be appointed a German cabinet minister. Softly spoken and affable, he certainly doesn't seem like a political bruiser. But rumor has it that no one dared challenge him when he attended Catholic school in Hannover because they...
...sler was sworn into office with 14 other cabinet members at a ceremony in Berlin on Wednesday, four weeks after parliamentary elections gave Merkel's Christian Democrats (CDU/CSU) enough seats to form a government with the FDP. With the FDP leader Guido Westerwelle becoming Vice-Chancellor and Foreign Minister and the party also claiming the key economics portfolio along with international development and justice, the Free Democrats are aiming to leverage their junior coalition position for maximum effect. Rösler, as the party's rising star, will no doubt figure prominently in their plans. (Read: "'Much Work' Ahead...
...Merkel, also formally re-elected as Chancellor for a second term on Wednesday, chaired the first meeting of her new cabinet before embarking on a diplomatic tour that will include a stop in Washington to address a joint session of Congress on Nov. 3. It's a rare honor - the last German Chancellor to do this was Konrad Adenauer in 1957. While in Washington, Merkel will also get a glimpse of the tortuous negotiations that are taking place on health-care reform in the U.S. - and she may come to wonder whether her fresh-faced new Health Minister is really...