World

1:48pm

Mon May 7, 2012
Europe

Germany Faces Backlash Against Austerity Moves

Originally published on Tue May 8, 2012 6:26 am

German Chancellor Angela Merkel has been the leading voice for austerity in Europe. But election results over the weekend showed a voter backlash. Merkel said Monday that she still supported the austerity moves.
Sean Gallup Getty Images

German Chancellor Angela Merkel made all the right gestures Monday: the obligatory phone call congratulating French President-elect Francois Hollande. She vowed that the two will "work together well and intensively." And she invited Hollande to Berlin after his inauguration and said she would welcome him "with open arms."

But clearly the French election results mark a setback for Merkel and her goal of solving Europe's economic crisis with financial austerity.

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1:40pm

Mon May 7, 2012
Europe

Four Possible Post-Election Moves For Greece, France

Originally published on Mon May 7, 2012 2:14 pm

Greek newspapers on display at a newsstand in Athens on Monday after a stunning weekend election shake-up by parties opposed to further vital austerity cuts.
Louisa Gouliamaki AFP/Getty Images

Europe's unsettled political climate after the weekend elections in France and Greece raise one obvious question: What's next?

The elections, in which French President Nicolas Sarkozy was defeated and Greece's major political parties struggled to form a governing coalition, have raised fears about the political and economic stability of the European Union. Some potential scenarios coming out of the elections:

Staying The Course

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1:39pm

Mon May 7, 2012
Europe

For A Third Time, Putin Returns As Russia's President

Originally published on Tue May 8, 2012 6:26 am

Vladimir Putin takes the oath of office during his inauguration as Russia's president at the Grand Kremlin Palace in Moscow on Monday. Putin will be serving his third term as president, after four years as prime minister and two previous presidential terms.
Dmitry Astakhov, AP

Vladimir Putin is once again the president of Russia.

Putin, who held the job from 2000 to 2008, spent the past four years as prime minister because the Russian Constitution prohibits a third consecutive term.

So his hand-picked successor, Dmitry Medvedev, held the office for the past four years. Now they are switching places, with Putin returning as president and Medvedev tapped to be the prime minister.

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12:17pm

Mon May 7, 2012
The Two-Way

In Photos: Vladimir Putin Assumes The Presidency In Russia

Police officers carry an anti-Putin protester, who was detained in central Moscow, on Monday.
Andrey Smirnov AFP/Getty Images

As we've reported, Vladimir Putin's return to Russia's presidency was fraught with drama. But a disputed parliamentary election and many unprecedented protests later, Putin took the oath of office for a third time today.

Putin took the oath amid protests. The New York Times reports 300 were detained, following the round up of 400 detained after a surprisingly large anti-Putin demonstration popped up on Sunday.

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10:40am

Mon May 7, 2012

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