Once the crisis had begun, the lack of information on the risk profile and profitability of the highly structured products increased the distrust among market participants, thus aggravating the financial turmoil. In order to revive this largely beneficial market, a necessary condition is to restore confidence among market participants by enhancing market transparency.
You could say that, today, I am visiting the power houses of the German economy, which is why I am so pleased to be here with you in Berlin.