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

Merkel vents annoyance over US and UK. Ralph Atkins, FT (en)

" ... 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)

Britain closing the holes in the rules when the money has already bolted. Jon Worth, Euroblog (en)