The authorities of the EU promised to control the financial markets.

KommentariiObo all thinking about chem16.02.2009Vstrecha group G7 has been bezrezultatnoyLidery European countries agreed to strengthen regulation of financial markets. Among the objects that will be placed under greater control of public authorities, and will include hedge funds, reports BBC News.
  At a meeting in Berlin on a preliminary G-20 summit to be held in April in London, the leaders of EU states have called for sanctions to punish countries and tax havens that refuse to cooperate in the financial sector. The list will be called the EU over the next few weeks, writes The Financial Times.
As the British edition, this decision is a victory for France and Germany, which has long insisted on strengthening the regulation of the financial sector. The main opponent of such measures is the United Kingdom, where the significant part of the global hedge fund industry.
In addition, leaders have condemned the existing system of remuneration in the financial sector. In particular, French President Nicolas Sarkozy said that a "do not intend to tolerate the present system of compensation for bankers and traders."
The parties differed in opinion with regard to the maintenance of national industry. In particular, the European Commission expressed concern over attempts by France and Spain to provide assistance to its automotive industry. Protectionism in economic policy also condemned British Prime Minister Gordon Brown.
Recall, previously the largest group of developed nations of the world G-7 called for "urgent reform of global financial system since the global crisis had demonstrated its" fundamental weakness ". To criticize the existing order of world finance leaders have repeatedly spoken of European countries, particularly France, Germany and Russia.