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The Berlin meeting was called to help the EU co-ordinate a unified position for the G20 meeting in London on 2 April (Photo: Torkil Sørensen/norden.org)

EU nations call for better financial regulation

Leaders from the EU's largest economies have called for stricter regulation of the financial sector to prevent a repetition of the current crisis after meeting in Berlin on Sunday (22 February).

"All financial markets, products and participants - including hedge funds and other private pools of capital which may pose a systemic risk - must be subjected to appropriate oversight or regulation," a summit statement said.

Sunday's meeting was called by German chancellor Angela Merkel e...

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The Berlin meeting was called to help the EU co-ordinate a unified position for the G20 meeting in London on 2 April (Photo: Torkil Sørensen/norden.org)

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