Europe, Angela Merkel | featured news

The German parliament approved a second, euro130 billion ($173 billion) loan package for Greece on Monday after Chancellor Angela Merkel warned lawmakers that it would be irresponsible to abandon the country to bankruptcy.

Germany and France clashed on Wednesday over whether the ECB should take bolder steps to stem the euro zone debt crisis, with Chancellor Angela Merkel issuing one of her starkest warnings yet against fiddling with the central bank's strict inflation-fighting mandate.

European leaders “have risen to the challenge,” German Chancellor Angela Merkel said. French President Nicolas Sarkozy proclaimed their July 21 summit a “historic turning point” and Luxembourg Prime Minister Jean- Claude Juncker called it the “final package, of course,” to extinguish the debt inferno. Then they went on vacation. Before they returned to work, the deal fizzled.

The leaders of Germany and France, the eurozone's two biggest economies, say they have reached agreement on strengthening Europe's shaky banking sector.

German Chancellor Angela Merkel sought Tuesday to calm market fears that Greece is heading for a chaotic default as Europe struggles to contain a crippling financial crisis. Merkel rejected the notion that a Greek bankruptcy — a possibility raised a day earlier by her deputy that spooked markets — would provide a quick solution to the eurozone debt crisis.

German Chancellor Angela Merkel's Christian Democrats have suffered a loss in elections in her home state, exit polls suggest.

U.S. President Barack Obama and German Chancellor Angela Merkel discussed the eurozone crisis and financial-market turbulence on Saturday and vowed action to bolster the global economy, the White House said in a statement.

President Barack Obama said on Tuesday that he and German Chancellor Angela Merkel agreed that Europe's debt crisis must be contained.

What a bone-headed move. There’s nothing wrong with the 7 nuclear plants that German Chancellor Angela Merkel decreed would be shut down. Just last fall Germany decided to extend the lives of these plants, which provide roughly 10% of Germany’s electricity. With solar and wind entirely unscalable, how’s Germany going to make up the electric deficit? Either by ramping up the use of fossil-fuel burning plants (and importing more natural gas from Russia) or importing power from its neighbors–like nuke-friendly France.

German police found a suspicious package in the post at Chancellor Angela Merkel's office in Berlin on Tuesday, a government spokesman said.