German Chancellor Angela Merkel says Europe's economic turmoil is the continent's greatest crisis since World War II. But critics say she has been doing too little and lacks a bold vision for solving Europe's problems.
Credit Sean Gallup / Getty Images
In an undated photo from the early 1990s, Merkel, then Germany's minister for women and youth, is shown beside Chancellor Helmut Kohl. Unlike Kohl, Merkel did not live through World War II and was not shaped by history in the same way as her predecessor.
German Chancellor Angela Merkel's approach to the debt crisis currently roiling Europe has been calm, logical, methodical and — according to detractors, especially outside Germany, too slow and unimaginative.
Critics are seething that she insists on austerity as the main medicine for debt-ridden southern neighbors while she offers no new ideas for growth and fiercely resists efforts to let the European Central Bank intervene more.
What is it with kale? That's what one of our producers asked this week, after hearing about the "Eat More Kale" standoff between Vermont t-shirt maker Bo Muller-Moore and the fast-food chain Chick-fil-A. (Check this story on last night's All Things Considered for more details.)
It's true that kale seems to be enjoying a certain limelight these days, and not just because Vermont Gov. Peter Shumlin was willing to say publicly, "Don't mess with kale."
We've reported on the stories Bloomberg has released about the Federal Reserve. We also noted the story that is under the microscope currently in which Bloomberg said that over the course of less than two years, the Federal Reserve had guaranteed about $7.77 trillion in order to rescue the financial system and that it did not disclose the specifics of some loans to Congress.