U.K. Deputy Prime Minister Nick Clegg accused Tory London Mayor Boris Johnson of “unpleasant elitism” over remarks he made suggesting that some people lack the intellectual capability to succeed in the modern world.
Mayor of London Boris Johnson said the U.K.’s economic recovery should not breed a new generation of “Gordon Gekkos” epitomizing the spirit of 1980s greed, as he called for a U.S.-style approach to charitable giving.
German Chancellor Angela Merkel agreed to a national minimum wage and to increased spending on pensions and infrastructure while holding firm to her refusal to raise taxes in a coalition accord with the Social Democrats.
Japan’s Prime Minister Shinzo Abe evokes the late Margaret Thatcher as he repeats “there is no alternative” to his platform of economic change. One of the byproducts: prospects for a Thatcherite division of wealth.