Merkel Is Ready to Greet, and Then Resist, Obama

With the first G20 summit meeting just three days away, European leaders are holding steady on their resistance to upping the stimulus packages. The German Chancellor, Angela Merkel, is particularly vocal in her opposition of Obama's plans.

This opposition could prove to be a major problem for Obama, as well as for the overall global financial interests of the US in the coming months. If Obama leaves the week of Summit meetings without having achieved his goals, or at least negotiated a compromise between his goals and those of the European nations, he may be viewed as the newcomer who couldn't stand against the experience of Merkel, et al.