9-24-08--Yet doubts were being raised not just at the United Nations but farther afield, with Germany’s chancellor, Angela Merkel, among the most outspoken. She said that at last year’s meeting of the Group of 8, she had strongly urged both the United States and Britain to be more rigorous in supervising financial activities, and even offered specific proposals to be applied to banks and other institutions.
But the United States was not interested, she said. She also seemed to express a certain exasperation that the United States was now asking Europe for help, after inflicting damage on the rest of the world that could have been avoided.
“We did what we were supposed to do,” she said in an interview with Münchner Merkur, a German newspaper. “We adopted a decent E.U. regulation on the national statute books,” but “when it came to it, the Americans said, ‘That’s not for us.’ ”—NYT A6
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