Merkel’s Moxie
Merkel, who, as head of the world's third-largest economy, has probably killed Brown's big idea
Stimulus: British Prime Minister Gordon Brown's idea for a "global stimulus plan" has met with resolute opposition from Germany's leader, Angela Merkel. Good to see that common sense isn't dead, at least in Europe.
Brown, who'll be hosting the leaders of the G-20 nations later this week as they seek a way out of the global financial crisis, has pushed what he calls a "global New Deal" of up to $2 trillion in added spending.
But he's had trouble selling his idea to others — to put it mildly. Czech Prime Minister and EU President Mirek Topolanek called it "a way to hell." Even Bank of England Governor Mervyn King trashed the idea.
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