For the third year in a row, the magazine named the German Chancellor at the top of its fifth annual “The World's 100 Most Powerful Women” list.
“With $3.3 trillion in GDP, Germany is Europe's biggest economy, and Merkel's reforms are sparking a rebound, with unemployment falling (although consumer confidence just hit a five-year low),” the magazine said.
“She pushed through a later retirement age, put more women in senior government posts, and raised payments to new parents. Bulldozes through controversy: hosted the Dalai Lama, chastized Mugabe, and wants to make the euro a bigger player in global financial markets as the dollar wanes. Also trying to make Germany more eco-friendly with steep greenhouse-gas cuts.”
Sheila Bair, head of the embattled Federal Deposit Insurance Corporation (FDIC), was named the world's second most powerful woman. Head of PepsiCo, Indra K. Nooyi, took third.