Remember, German Chancellor Angela Merkel is head of the conservative Christian Democratic Party in Germany, not the Greens. Via Deutche Welle:

Speaking in Austria on Saturday, Sept 20, Merkel said her government had tried in vain to win G8 support last year for tighter regulation of hedge funds and financial oversight of capital markets, hinting that she felt vindicated in her stance as a financial disaster unfolded on Wall Street in recent days.