January 25th, 2012
03:01 AM GMT
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(CNN) - The woman charged with saving the eurozone will launch proceedings at Davos with the crisis weighing heavy on her mind, a day after a major ratings agency announced the Greek debt exchange deal would put the country in default.

German Chancellor Angela Merkeldubbed her country’s “Iron Lady” – will provide the official opening address early in the evening on the first day of the World Economic Forum 2012, in the Swiss resort town of Davos.

Together with French President Nicolas Sarkozy, Merkel has been at the heart of efforts to rescue the eurozone from the debt crisis engulfing its member states. The crisis will be at the forefront of discussions on the opening day, with a session after lunch on the “new context in Europe,” addressing levels of confidence in the Greek and Italian solutions, emerging faultlines on the continent and the eurozone’s future within the European Union.

Map: Eurozone in crisis

Simply reading the agenda for the World Economic Forum can be a dizzying experience. On the opening morning, the leaders of some of the world’s biggest companies will discuss the consumers and regions expected to drive demand in 2012: Coca-Cola chairman and CEO Muhtar A. Kent, and Doug McMillon, president and CEO of Wal-Mart International, will be on the panel.

Another discussion, featuring Richard N. Haass, president of the U.S. Council on Foreign Relations will address the trends and transformations that will define the global security agenda, from the U.S. withdrawal from Iraq and Afghanistan, the rise of Iran as a nuclear power and the future of North Korea.

The “dark side of connectivity” will be considered in a talk on technology’s contribution to global risks, featuring Yury Fedotov, director-general and executive director of the United Nations Office on Drugs and Crime.

In the afternoon, a group of business leaders and global shapers, including Reuben Abraham, executive director of India’s Centre for Emerging Markets Solutions, will be brainstorming solutions for a more responsible, sustainable society.

In the evening, South Africa’s Archbishop Emeritus Desmond Tutu will hold a conversation with WEF founder Klaus Schwab, before joining Merkel and others to launch the WEF’s Global Shapers Community for young leaders.

Hope turns to disappointment for Davos boss

For those that last the distance, the official program for the day concludes at 2330 CET (2230 GMT), allowing for a brief lull in proceedings before sessions recommence at 900 CET (800 GMT) the next day.

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Filed under: BusinessDavos

soundoff (13 Responses)
  1. int

    i have only one question : Do political leaders really think that we (peopel) are not aware of their intentionally 'euro-trick' ?

    January 25, 2012 at 11:36 am |
  2. Gaston Lefarge

    Nobody will say anything that hasn't been
    said over and over again! It's a merry go round of cliche and a roulette game for all
    these so- called leaders with their entourages and press packs all pretending they're having such a bad time!

    January 25, 2012 at 11:38 am |
  3. Lauro Silva Brazil

    Early in the evening once again all leaders gathering for their ridicule photo with all of their smiles to commemorate their endless party.

    January 25, 2012 at 12:00 pm |
  4. m.s.mohamed ansari

    JOHN BERCOW + 50 =115 JOHN BERCOW +113=115

    January 25, 2012 at 1:40 pm |
  5. Ruggero

    Switzerland should adopt the euro. Keeping a different currency at this stage is nonsensical and counterproductive.

    January 25, 2012 at 1:49 pm |
  6. Gaston Lefarge

    What about Norway?

    January 25, 2012 at 3:07 pm |
  7. Gabriel Tabalujan

    Switzerland should adopt euro .

    Gabriel Tabalujan

    January 25, 2012 at 3:18 pm |
  8. chris

    in the end they will just obstruct capitalism again, rewarding the bankers instead of letting them go bust.
    what we need is good governance and lean, simple, effective regulation that will not let us get into this quagmire in the first place.
    let all those banks go bust, together with those sovereigns they recklessly provided with all that money. problem solved. save the savers and their deposits if necessary. we have survived the cold war, this will certainly also not be the end of the world. greetings from germany.

    January 25, 2012 at 3:23 pm |
  9. Gaston Lefarge

    If Swiss don't want to be in EU, they shouldn't be blackmailed into using its currency UK is almost same you can shop with euros etc

    January 25, 2012 at 3:38 pm |
  10. John

    Definition of delusion: Same old people with the same old agenda thinking that same old networking of same old ideas will produce profound change.

    January 25, 2012 at 10:53 pm |
  11. Dano

    if the Swiss adopt the euro it would be financial suicide for their country and they know it. why do you think they haven't already joined?
    The euro was designed to collapse by the mega elite bankers that created the global implosion of the EU. Don't be fooled by this nonsense saying that they can save the euro. it will implode and their new solution will be to create a world banking system.....

    January 26, 2012 at 1:20 am |
  12. sameh

    oh my god these Childrens bewitches miracles


    January 26, 2012 at 4:44 am |
  13. m.s.mohamed ansari


    M.S.Mohamed Ansari 13 April 2009

    All press and Media Arabs leader and G20 leader at. Headquarters of All association
    A TO Z + 8. QUEEN + 8
    Royal wedding. And royal security force 10 generation total cost $ 57 trillion
    Each every politician rolling 8 years only just like chess board Game.
    But queen family rolling 10 generation y

    GLOBAL ECONOMIC COLLAPSE REASON WAR. Improve Economy only 6 points. Peace, prayer
    Liberty, Unity, friendly And simplicity.

    I am also Happy to kill osma bin laden
    Turing point of global Economy. Islam not allowed to be Terrorist and Terrorist people are not a Muslim
    1. Please avoid war. Day by Day war cost increase $ 3.5 trillion
    2. Global economy and food price every Day increase
    3. International job less unemployment Y. All businessmen effected business.
    4. Global financial crisis every CNC manufacture. New technology energy product Effected FDI investors.
    5. Every Day OPEC Oil Price Increase
    6. World poverty problem. Bankrupt 170 Bank overalls 87000 Branch
    7. Each every single man Effected
    8. Ignore future Death million of already Death
    9. Million of People Wounded
    10. Global environment climate will be change this will lead Global Agriculture problem

    A. International criminal court. B. white house. global human right association .C.IMF
    D. euro union. E. united nation F.ALL international famous press and media


    From. Mr.M.S.Mohamed Ansari,
    154, Angappa Naicken Street,
    Chennai – 600 001.
    Tamil Nadu,
    To , The Hon’ble Chief Justice,
    The Supreme Court,
    United States of America,
    Washington, D.C.
    Fax no: 213.547.8080
    Dear Sir,
    Sub: Prosecution of previous President Mr. George W.Bush, for violation of International Code of Conduct.
    Mr. George W.Bush, the previous President of United States of America, initiated a war against IRAQ, without obtaining the previous sanction of United Nations Organization (UNO) on the pretext of having nuclear weapons, even though the then IRAQ government openly exhibited to the whole world that it has no nuclear weapons.
    According to the CNN WORLD report, in the war 6, 75,000 civilians killed, 7500 troops of USA and its allied forces killed 3 25 000 people wounded and $ 3.5 Trillion Dollar spent for the war. This spending of $ 3.5 Trillion Dollar is the main cause of action for the present economic crises prevailing all over the world.
    After winning the war against IRAQ, the United States of America’s President Mr. George W.Bush, also admitted the same fact, and he openly stated that the Intelligence agency misguided him.
    Later on, even the United Nations Organization (UNO) also certified that the IRAQ has no nuclear weapons.
    Then it is the bounded duty of the United States of America and its allied forces to withdraw from IRAQ.
    But instead of withdrawing from IRAQ, the United States of America and its allied forces formed a government in IRAQ, under their control and administered the entire IRAQ, and its peoples.
    This indicates a clear violation of duty by the President of United States of America Mr. George W.Bush and also a clear case of violation of the International Code of Conduct for UNO members.
    Thus Mr. George W.Bush attracts prosecution for the above said offence.
    Thus I hereby pray this Hon’ble Court initiate criminal proceedings against Mr. George W. Bush, and give him maximum punishment for
    a) initiating the war against the IRAQ
    b) killing its innocent IRAQI peoples civilian 6, 75 000
    c) Killing troops of USA and allied forces and 7 500
    d) The present economic crises.
    e) 3 25 000 civilian and coalition 39 000 wounded
    Dated on this day of 13th day of April, 2009.
    Yours truly, (M.S.MOHAMED ANSARI)
    The Chief Justice, the International Court of Justice, The Hague, Netherlands.
    The Secretary General United Nations Organization
    The Chief Justice, the Supreme Court, IRAQ.
    His Excellency Mr.Barack Obama, the President of United States of America, White House, Washington D.C.

    January 27, 2012 at 8:20 am |

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