BERLIN (MNI) – German Bundesbank Vice President Franz-Christoph
Zeitler warned Tuesday that the crisis in financial markets is not yet
over and it will take more time for confidence to return.
“Despite the unexpectedly quick recovery of the real economy in
Germany, the financial crisis is not by any means over yet,” Zeitler
said according to a draft of a speech to be delivered at a conference
in Berlin today.
“Financial markets remain fragile,” the Bundesbank Vice President
observed. Even smaller tensions or sometimes only rumors lead to
significant market reactions, he remarked.
“This shows that it will still take some time until the basic
confidence in the resilience of markets and market participants
returns,” Zeitler argued.
Thus, improving international financial regulations remains a key
duty, he stressed.
–Berlin bureau: +49-30-22 62 05 80; email: twidder@marketnews.com
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