In a keynote speech on the third day of the World Economic Forum in Switzerland, Merkel said that open markets had to be protected and urged governments to work together to build a more robust and responsible global financial system.
This article is the third in a 7-part series originally written for the Skoll WorldForum as part of a debate among global leaders about the role of the media in accelerating social progress.
And Britain came first in a ranking of financial development in over 50 economies published by the World Economic Forum, which showed America slipping from top to third place, behind Australia.