Merkel again tops Forbes' rankings

Forbes magazine ranked German Chancellor Angela Merkel the most powerful woman in the world for the second year in a row in the annual list dominated by politicians, businesswomen and media figures.

Calling her the "Iron Lady" of Europe, Forbes said she is the leading player in the eurozone economic crisis that continues to threaten global markets.

The Telegraph echoes the remarks, saying the German chancellor dominated the European stage as no woman has done since former British prime minister Margaret Thatcher.