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Entries in Angela Merkel (2)

Sunday
Oct092011

Merkel, Sarkozy Agree on Recapitalizing European Banks

Michele Tantussi/Bloomberg via Getty Images(BERLIN) -- German Chancellor Angela Merkel met with French President Nicolas Sarkozy in Berlin on Sunday to discuss the Euro Zone's capabilities in countering the debt crisis.

The two leaders said that they're "determined to do the necessary to ensure the recapitalization of Europe's banks."

The agreement is a major step in strengthening Europe's shaky banking sector.

Copyright 2011 ABC News Radio

Thursday
Sep292011

Stocks Rise Amid Relief on Eurozone Bailout Bill

Comstock/Thinkstock(NEW YORK) -- U.S. Stocks rose on Thursday as Germany approved a new measure in the on-going Euro-Zone crisis.

The Dow Jones gained 143 points, ending the day at 11,153. The S&P 500 Index gained over nine points, ending at 1,160. The improvement was attributed to Angela Merkel's approval of a new Euro-Zone bailout bill.

The Nasdaq Index, which is more technology driven, dropped nearly 11 points.

Copyright 2011 ABC News Radio







ABC News Radio