Percy Reports from Davos: Merkel Speech


German Chancellor Angela Merkel spoke at the World Economic Forum today.  My German is a little rusty, but I was able to pick up that she said something about minimizing systemic risks in world capital markets.  This, of course, is code language for "regulate hedge funds."  Bad news, particularly since Germany currently holds the presidency of the G-8 and the European Union.

Previously re Germans.

 
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