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Posts Tagged ‘G7’

Look what Europe has to say about the financial crisis. Is China going to replace the U.S. as a major financial superpower?

http://www.reuters.com/article/newsOne/idUSTRE48O2L020080925

BERLIN (Reuters) – Germany blamed the United States on Thursday for spawning the global financial crisis with a blind drive for higher profits and said it would now have to accept greater market regulation and a loss of its financial superpower status.

In some of the toughest language since the crisis worsened earlier this month, German Finance Minister Peer Steinbrueck told parliament the financial turmoil would leave “deep marks” but was primarily an American problem.

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