Germany's Merkel says credit default swaps need to be curtailed

03/8/2010 | Bloomberg Businessweek · Reuters

German Chancellor Angela Merkel said "speculators" should be restricted in their use of derivatives. "Credit default swaps, where you insure your neighbour's house just to destroy it and make money from it, that's exactly what we have to curb," Merkel said. France and Luxembourg are joining Germany in the battle against CDS.

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Bloomberg Businessweek · Reuters

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