Merkel wants to destroy the tradition

German Chancellor Angela Merkel wants to destroy the tradition of cyclical developments in the economy. I tread softly, will go far, we like to call it years ago and immediately added: with great development must think about the sustainable future of the economy.

These words recalled its Journal Wall Street Journal, where her interview was published and cited by international agencies. Its focus is on proposals that will make to his colleagues at the forthcoming summit of the G-8.

Before the American newspaper business Merkel acknowledged that the current crisis has become a nightmare for many political leaders. And no one is expecting it will become a global crisis and will be so severe. Considering the theory of the cycle of development of world economy, many analysts now a fear that after a few years. And for that the forthcoming meeting of G-8 in Italy, I intend to call world leaders to put an end to the cycle, to prevent recurrence of the current crisis highlights and Merkel added: „It is time to focus on sustainability rather than on the speed of development. As stated – I step quietly away you go. “

Merkel recalled that in recent years had Asian crisis, a crisis in the emerging economies, and now global and economic crisis. In this respect, the German Chancellor said that it no longer can tolerate every 5-7 years to cast the world into another crisis.

This is at the summit of the G-8 will make the following proposals of their colleagues:

– Firstly, to keep growth in the state budget deficit when the economy starts to stabilize in order to create preconditions for a new credit crisis.

– Secondly, central banks should „cease to unorthodox measures to support financial sector, where the situation of the monetary credit market begin to improve.

– Third to introduce even tougher regulations in the financial sector, as already felt the crisis started when the desire to reduce financial and credit institutions to initiate reverse process – to fight for defending their freedom from governments. Even Merkel says the leaders of the United States, Britain and the euro may be poddadat and loose regulations, as will fall under the influence of lobbyists.

As soon as the recession is over, should return to normal economic policy. And this policy should be vigilant and unemotional, German Chancellor ends interview on Wall Street Journal.