"Merkel was named Time magazine's Person of the Year in 2015. Time Editor-at-Large Karl Vick described her as ""the de factos leader of the European Union"" by virtue of being leader of the EU's largest and most economically powerful member state. Twice that year, he said, the EU had faced ""existential crises"" that Merkel had taken the lead in navigating -- first the Greek debt crisis faced by the eurozone, and then the ongoing migrant crisis."
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