Tuesday, 23 September 2008

Quote : 23rd September Angela Merkel

“Time and again it was said: ‘Let the markets be free, we do not need more transparency' But today we are further on: because America and Britain say yes, we need more transparency, we need better standards for the rating agencies.’”
Angela Merkel, Austria, Sept 2008
" ... Her comments reflected the lingering bitterness felt in Berlin since UK and US opposition stymied German plans for the stronger policing of the hedge fund industry proposed at the Berlin-hosted summit of G7 industrial nations in June, 2007 – just months before the global credit crisis erupted .."
also Read :
The finger-pointing begins. Certain Ideas Of Europe (en)

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