- The Washington Times - Thursday, April 2, 2009

LONDON (AP) - German Chancellor Angela Merkel says the financial and economic measures announced by the Group of 20 summit will give the world a “clearer financial market architecture.”

Merkel says the agreement Thursday was “a very, very good, almost historic compromise.”

The meeting of industrial and developed countries in London agreed to subject hedge funds to more scrutiny, fend off protectionism and boost loans available to countries in financial trouble.

The conference had wrestled over how much new regulation was needed. Merkel and French President Nicholas Sarkozy had said it needed to make a strong statement.

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