Use political will to reform finance: Buba’s Weber
The current political momentum should be used to reform financial market architecture to make markets more resilient and less prone to speculative exuberance, said Axel Weber, the president of the Bundesbank.
He also said the current crisis highlighted that an international body like the International Monetary Fund (IMF) was an indispensable part of the international structures which existed for economic analysis, cooperation and coordination.
He made the comments on 4 September.
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