UK,France,Germany for mkt solutions to financial turmoil
Sunday, 21 October 2007
LISBON, Oct 19 (Reuters): The leaders of Britain, France and Germany said on Friday that market solutions held the key to overcoming the current turmoil on financial markets, and the EU should decide next March whether more regulation was needed.
In a joint statement issued at the end of a European Union summit, Prime Minister Gordon Brown, President Nicolas Sarkozy and Chancellor Angela Merkel said confidence and transparency were vital to the proper functioning of markets.
"We feel that market solutions are a key element to deliver greater transparency and more resilient financial markets," they said.
In a joint statement issued at the end of a European Union summit, Prime Minister Gordon Brown, President Nicolas Sarkozy and Chancellor Angela Merkel said confidence and transparency were vital to the proper functioning of markets.
"We feel that market solutions are a key element to deliver greater transparency and more resilient financial markets," they said.