Linda Wertheimer speaks to Andrew MacAskill, Bloomberg News India correspondent, about New Delhi's failure to adopt a new law that would have allowed multinational retailers into the country and, hopefully, transform an inefficient and outdated industry. It's a huge political setback for the government, and a huge disappointment for retailers who've been licking their chops at the prospect of tapping India's consumers. But Walmart still has plans to expand in India.

As leader of Europe's most powerful economy, German Chancellor Angela Merkel is one of the most influential figures on the world stage. Supporters say she is trying to reshape Europe for the long term. But critics have derided her response to the debt crisis as too slow and unimaginative.

New York University professor Nouriel Roubini says Europe's debt troubles are so profound, the continent is falling into a "recession that will get worse and worse."

The Greek government has been accused in the past of making its financial figures look better than they really were. But now, the man in charge of the statistical office is being investigated to see if he intentionally made the deficit look worse.