SEOUL, South Korea — South Koreans officially use the most plastic, according to the latest figures on global credit card purchases.
Per capita, South Korea's credit card use rose to 129.7 transactions in 2011, according to data compiled by the Bank of Korea, up from 114.9 transactions in 2010.
The flowers aren't Angela Merkel just yet. These are for a cabinet colleague's birthday. Merkel's laurels may be presented if the EU summit endorses her plans for rescuing the euro (Sean Gallup/AFP/Getty Images)
At the press conference following their meeting Monday, German Chancellor Angela Merkel and French President Nicolas Sarkozy were deliberately vague about their agreed plan for saving the single currency.
U.S. Democrats and Republicans are far apart on the debt-ceiling issue, with both parties on Monday putting forward separate and very different proposals to avert a possible government default next week.