Merkel calls for better financial regulation
German Chancellor Angela Merkel is stressing the need for a better regulation of international financial markets, saying there is still "too much speculation going on" as exemplified by the financial crisis in Greece.
Merkel said in her weekly video podcast Saturday that Germany had "asked the European Commission to make suggestions to prohibit such speculation."
The chancellor also highlighted the importance of international financial institutions like the IMF and the World Bank in creating more efficient rulings.
Comments