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Financial Market Products Need To Be More Transparent

Wednesday, February 6, 2008

Merkel: Financial Market Products Need To Be More Transparent

FRANKFURT -(Dow Jones)- Financial market products need to be more transparent, German Chancellor Angela Merkel said Wednesday in a speech at a regional party convention.

Pointing to highly integrated financial markets, Merkel said it was inappropriate that the side effects of the financial turmoil had to be shouldered by "everyone", while nobody had a full grasp of what the risks are when financial market products are traded.

Posted by MOHAMED SAID at 10:39 AM  

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