The World's Top 6 Most Powerful Women

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1, Chancellor,Germany.Seeking second term in national general election at the end of September; plans to form new coalition with the liberal Free Democrats and ditch her current governing partner, the center-left Social Democrats. Recent opinion polls favor her succession. Critics gripe Merkel's government has been slow to restructure and recapitalize banking system; nation's economy expected to shrink by at least 6% this year. Merkel's bent is to unwind the global fiscal and monetary stimulus over concerns about rising borrowing and future inflation, but she found few backers at the last G-8 summit. Strengthening ties with Russia; In July met with Russian President Dmitri Medvedev to promote the North Stream gas pipeline project, which will carry Russian gas to Europe under the Baltic Sea; also favors Canadian-Russian bid for German carmaker Opel.

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