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DAVOS, Switzerland, Jan. 24 (Xinhua) -- German Chancellor1 Angela Merkel on Thursday warned of bubble driven by improper2 regulations on financial institutions.
Addressing business and political leaders at the World Economic Forum3 here, Merkel called on the financial industry for support in putting regulations on financial institutions in place.
She said that every financial instrument, every financial product and every financial market should be placed under regulations.
"We are very far from that," Merkel said.
She warned of another bubble or deep crisis for the global business and economy, saying that it "will become very very difficult to master."If that happen, "people will then completely lose trust," she said.
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1 chancellor | |
n.(英)大臣;法官;(德、奥)总理;大学校长 | |
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2 improper | |
adj.不适当的,不合适的,不正确的,不合礼仪的 | |
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3 forum | |
n.论坛,讨论会 | |
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4 makers | |
n.制造者,制造商(maker的复数形式) | |
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