As Europe struggles to reverse a plunge in financial confidence, the world waits for Germany’s chancellor, Angela Merkel, to make a fundamental choice. She, more than any other European politician, will have to either summon the leadership to rescue the euro or concede that the political will is not there.
Mrs. Merkel, 57, faces far-reaching decisions about how to deal definitively with the debt crisis in Europe and, more immediately, whether to allow Greece to default or even to leave the currency union. American officials fear that if she does not act more decisively, bank lending could freeze up and the result would be another sharp financial downturn on both sides of the Atlantic.
Fears of a worsening debt crisis slammed European stocks on Monday, especially shares of French banks, forcing the French government to declare its support for its three largest financial institutions. The turmoil added to worries that the Greek crisis would prove difficult to contain without more robust action from Germany and, ultimately, its taxpayers.
Creation and Evolution: Is Compromise Possible?
How Can We See Stars That Are Billions Of Light Years Away?
The Rise of Evolutionary Thinking
Geocentricity: It's Time to Face the Facts
Earth's History: Conflicting Paradigms
Lamarck Proposes Natural Selection
Age Of The Earth Is Carbon-Dating Accurate?
Flood Chronology
Read several authors' thoughts on papal Rome's history.
This article highlights quotes from historical and Catholic sources proving the Papacy's aggressive nature.
Persecution in the First Centuries
An Era of Spiritual Darkness The Waldenses
John Wycliffe Huss and Jerome
Luther's Separation From Rome
Luther Before the Diet The Swiss Reformer
Progress of Reform in Germany
Protest of the Princes The French Reformation
The Netherlands and Scandinavia
Later English Reformers
The Bible and the French Revolution
The Pilgrim Fathers Heralds of the Morning
An American Reformer Light Through Darkness
A Great Religious Awakening A Warning Rejected
Prophecies Fulfilled What is the Sanctuary?
In the Holy of Holies God's Law Immutable
A Work of Reform Modern Revivals
Facing Life's Record The Origin of Evil
Enmity Between Man and Satan
Agency of Evil Spirits Snares of Satan
The First Great Deception
Can Our Dead Speak to Us?
Liberty of Conscience Threatened
The Impending Conflict
The Scriptures a Safeguard The Final Warning
The Time of Trouble God's People Delivered
Desolation of the Earth The Controversy Ended
Is Revelation a Sealed Book?
Revelation 1: Jesus, The Heart of Revelation
Revelation 1 Commentary
Revelation 2-3: Letters to Seven Churches
Revelation 2 Commentary
Revelation 3 Commentary
The Lamb and the Sealed Book
Revelation 4 Commentary
Revelation 5 Commentary
Revelation 6 Commentary
Revelation 7 Commentary
Revelation 8 Commentary
Revelation 9 Commentary
Revelation 10 Commentary
Revelation 11 Commentary
Revelation 12 Commentary
Revelation 13 Commentary
Revelation 14 Commentary
Revelation 15 Commentary
Revelation 16 Commentary
Revelation 17 Commentary
Revelation 18 Commentary
Revelation 19 Commentary
Revelation 20 Commentary
Revelation 21 Commentary
Revelation 22 Commentary
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