Merkel germany

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Business Insider: Merkel scrutinized as euro-zone members seek bailouts

As the region's economies collapse one by one, Angela Merkel's austerity model continues to lose legitimacy in Europe.

German Chancellor Angela Merkel addresses a press conference at the chancellery in Berlin June 8, 2012. Merkel met with New Zealand's Prime Minister John Key. Merkel said that Spain had not yet requested funds from the EU bailout pot to come to the aid of its stricken banks and that only the Spanish government could do so.

John MacDougall

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