Bloomberg.com: Mrs Merkel ‘Won’t Rest’ Until the World Accepts Social Market Rules - by Brian Parkin

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Mrs Merkel ‘Won’t Rest’ Until the World Accepts Social Market Rules - by Brian Parkin

German Chancellor Angela Merkel aims to coax the international community to accept sweeping new rules to tame financial markets modeled on her country’s policies and “won’t rest” until they do. In a New Year’s address due to be broadcast later today, the Christian Democrat said she will push for the adoption of global rules based on Germany’s “social market,” recognizing the primacy of the state in determining how markets operate in place of laissez-faire rules she alleges caused the crisis. “The state is the guardian of economic and social order,” Merkel said, adding that Germany tempers market competition by a “sense of proportion” and social responsibility. “Those are our rules,” she said. “I won’t let go until we’ve succeeded in gaining their adoption” as international rules.