EU heads back financial clampdown

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Source: BBC News

European leaders in Berlin have agreed on the need to regulate all financial markets including hedge funds.

Leaders of Europe's major economies said a global solution was needed to the current financial crisis.

German Chancellor Angela Merkel highlighted that leaders faced an "extraordinary international crisis".

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The Berlin gathering is a precursor to the next meeting of the G20 group of major developed and developing countries in London on 2 April, which aims to rewrite the rules of the global financial system.

Read more: http://news.bbc.co.uk/1/hi/world/europe/7904300.stm

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1. Rule one Don't trust the fkng bankers