Angela Merkel named Time's Person of the Year

NEW YORK — German Chancellor Angela Merkel has been named Time's Person of the Year, praised by the magazine for her leadership on everything from Syrian refugees to the Greek debt crisis.

"Leaders are tested only when people don't want to follow," Time editor Nancy Gibbs said in a statement issued Wednesday. "For asking more of her country than most politicians would dare, for standing firm against tyranny as well as expedience and for providing steadfast moral leadership in a world where it is in short supply, Angela Merkel is TIME's Person of the Year."

The seven other finalists include Donald Trump, the Black Lives Matter protest movement and Uber's CEO, Travis Kalanick.