Jurnalo – German Finance Minister Peer Steinbrueck urged hedge fund managers to show greater awareness of the political consequences of their dealings as the world’s richest nations met to discuss the issue at a conference in Germany.
“If a (domino) falls over, it will take five or six others down with it. The result is a serious financial crisis. This cannot be ruled out,” Steinmeier said in a television interview ahead ofthe Group of Seven finance ministers meeting in Essen.
The German minister called for a registration of all the highly speculative funds that operate with foreign capital.
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