The reign of Americans as the most powerful women in the world the past years is now officially over. German Chancellor Angela Merkel has reclaimed her position as the most powerful woman in the world today. Merkel was declared by the prestigious Forbes magazine as the most powerful woman for 2011 replacing United States first lady Michelle Obama. Forbes declare Merkel as the most powerful woman today due to her great effort as head of Germany and the European Union.
The magazine said Merkel had done a tremendous job as the head of the one real global economy in Europe” seeking to “stabilize EU debt and keep the 17-member euro zone
unified. Merkel earlier snatched the Forbes the top spot for the world’s most powerful woman in 2006 to 2009. Obama took a huge slide as she dropped from 1st to the eight place in the annual list.
Taking the second spot in the list is US Secretary of State Hillary Clinton. Merkel is considered the first female Chancellor of Germany. In 2007, she became the second woman to chair the G8, after Margaret Thatcher.