Tagged: Angela Merkel

German President Chritian Wulff has resigned amid questions about possible corruption, a move that leaves Chancellor Angela Merkel - already under pressure from the eurozone debt crisis - scrambling for a replacement.

Wulff stepped down from the largely ceremonial post two months after the German newpaper Bild published a story alleging that while he was premier of Lower Saxony, he had failed to disclose his links to powerful businessman Egon Geerkens.

Jiang Shixue is describing to me one of the most exciting moments of his life: The moment earlier this month when one of the most important people in Europe — German Chancellor Angela Merkel — came to visit his workplace.

"She said that the EU would be happy to see if China can offer a kind of helping hand," says Jiang, an academic at the Chinese Academy of Social Sciences.

Europe does not now have the "political structures" to make the euro work properly, German Chancellor Angela Merkel told world leaders today.

At the World Economic Forum in Davos, Switzerland, The Associated Press reports, "she said the weaknesses 'arose over years — so they can't be overcome at one fell swoop.' "

But, Merkel added, "we are determined to do this."