EU needs 'courage' to set limits on markets: Merkel

24th November 2010, Comments 0 comments

German Chancellor Angela Merkel said Wednesday that the European Union should have the courage to set limits on markets and ensure that private investors bear some of the risk on government bonds.

"Do politicians have the courage to also make those who earn a profit take some of the risk?" Merkel said in a speech to parliament. "This is about the primacy of governments, about setting limits on markets."

© 2010 AFP

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