German Finance Minister Accuses Brits of Kowtowing to Bankers

July 2nd, 2009

Spiegel Online

Peer Steinbrück is back on the verbal warpath. This week’s target is a returning guest — Britain. The alleged offense at 10 Downing Street: torpedoing efforts at EU financial reform to keep London bankers happy.

German Finance Minister Peer Steinbrück is known for speaking his mind and not pulling his punches. And things were no different on Wednesday when Steinbrück told an audience that Britain was blocking efforts to reform the world’s financial markets — just to keep London bankers happy.

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