Germany’s Merkel named world’s most powerful woman

German Chancellor Angela Merkel has been named the world's most powerful woman by US business magazine Forbes in their most recent edition.

Germany's Merkel named world's most powerful woman
Woot woot! Go, Angie! Photo: DPA

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.