German Chancellor Angela Merkel delivers a speech to members of her conservative Christian Democrats in Berlin, September 22, 2008. Wage gains in Germany have been moderate in recent years, and this will likely remain the case, Merkel said on Monday. REUTERS/Tobias Schwarz

German Chancellor Angela Merkel sent a clear “I told you so!” to the United States and Britain at the weekend, criticising them in unusually frank terms for resisting measures that might have contained the current financial crisis. The conservative leader of Europe’s largest economy reminded her partners that she had pushed for steps to boost the transparency of hedge funds during Germany’s presidency of the Group of Eight last year.¬†”We got things moving, but we didn’t get enough support, especially in the United States and Britain,” she told the Muenchner Merkur newspaper.¬†Merkel expanded on her point in a speech in Austria, suggesting that both Washington and London were only now coming around to her view.