1. President François Hollande of France and Chancellor Angela Merkel of Germany meet in Berlin, May 15, 2012 (Bundesregierung)

    Hollande, Merkel Face Fight Over Eurozone Bonds

    The new French president and German chancellor will battle over the joint issuance of sovereign bonds in the eurozone.

  1. Prime Minister Mario Monti of Italy appears on CNN's GPS, May 20, 2012

    Monti Says, “Bridge” Divide Between Austerity, Growth

    The Italian premier said there could be efforts to stimulate demand but not runaway government spending.

  1. President Barack Obama and Angela Merkel discuss policy during the G20 summit in Seoul, South Korea, November 11, 2010

    G8 Leaders Prepare to Team Up on Germany’s Merkel

    Other industrialized nations have grown weary of austerity. The German chancellor finds herself without allies at Camp David.

  1. The presidential palace in New Delhi, India, September 21, 2008 (sapru)

    In India, Muddled Leadership Leaves Economy Adrift

    Business groups press for the government to swiftly implement economic reforms and formulate a coherent budget and tax policy.

  1. House speaker John Boehner answers questions from reporters on Capitol Hill in Washington DC, February 2, 2012 (Bryant Avondoglio)

    Democrats Want More Borrowing, No Cuts

    According to the White House, Republicans are holding the financial credibility of the United States “hostage to a political ideology.”