Germany, France vow push for ambitious G20 reform
The leaders of Germany and France called on Saturday for an ambitious overhaul of world financial rules ahead of a summit where European nations hope to forge a common response to the global crisis. German Chancellor Angela Merkel will host the leaders of Europe's big economies on Sunday in Berlin and is keen for the meeting to focus on long-term financial reforms and not be hijacked by new problems, notably worries about the fragility of some euro zone and eastern European nations.
"We want to ensure that in the future there are no gaps in the world when it comes to supervising financial market products, market players and instruments," Merkel said in her weekly podcast.
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