{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-572d6a42.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-f4d0de30.css\" media=\"all\" /\u003e\n\u003cdiv data-title='Frankfurt closes, trader reax, Merkel addresses parliament' data-url='/boclips/videos/5c54c38ed8eafeecae162268' data-video-url='/boclips/videos/5c54c38ed8eafeecae162268' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nFrankfurt closes, trader reax, Merkel addresses parliament\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eFrankfurt1. Wide exterior of Frankfurt stock exchange2. Close-up sign reading (German) \"Frankfurt stock exchange\" 3. Wide of trading room 4. Mid of DAX board showing today's movement5. Mid of column with daily DAX curve and main board6....\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eFrankfurt\u003cbr/\u003e1. Wide exterior of Frankfurt stock exchange\u003cbr/\u003e2. Close-up sign reading (German) \"Frankfurt stock exchange\" \u003cbr/\u003e3. Wide of trading room \u003cbr/\u003e4. Mid of DAX board showing today's movement\u003cbr/\u003e5. Mid of column with daily DAX curve and main board\u003cbr/\u003e6. SOUNDBITE (English) Oliver Roth, Director of Equities Trading with Close Brothers Seydler AG:\u003cbr/\u003e\"It's like a roller coaster ride. It's every day when you get into the stock exchange, you say something might happen, and it's changing from one minute to another up. I was suddenly surprised that the Federal Reserve Bank said today that they will accept short term obligations as a coverage for credits which also shows that we are in a very serious situation, very dangerous for the whole market because this is totally surprising.\"\u003cbr/\u003e7. Various of traders at computers\u003cbr/\u003e8. SOUNDBITE (English) Oliver Roth, Director of Equities Trading with Close Brothers Seydler AG:\u003cbr/\u003e\"I expect from the United States market, Wall Street, that we will see also a technical reaction to stabilise the markets. I'm not sure that it will last for the whole session but am quite optimistic that we will see in the next couple of days, a more stabilised market. But don't forget the next crisis is just around the corner.\"\u003cbr/\u003e9. Mid of traders\u003cbr/\u003e10. Wide of trading room\u003cbr/\u003eBerlin\u003cbr/\u003e11. Wide of German Parliament building (Reichstag) \u003cbr/\u003e12. Close-up of building sign with the German flag in the background \u003cbr/\u003e13. Wide of Reichstag in session \u003cbr/\u003e14. Mid of German Chancellor Angela Merkel and Foreign Minister Frank Walter Steinmeier in their seats, Merkel walking to podium \u003cbr/\u003e15. Close-up of the German eagle emblem\u003cbr/\u003e16. SOUNDBITE (German) Angela Merkel, German Chancellor:\u003cbr/\u003e\"The Irish way is not appropriate  - to place, in an uncoordinated way, its own financial institutions under a shield while leaving other international institutions -which paid taxes in Ireland - for a long time, outside of this shield. That produces competitive distortions that, from my point of view and is not acceptable in an internal market.\" \u003cbr/\u003e17. Mid of German Finance minister, Peer Steinbrueck listening\u003cbr/\u003e18.  SOUNDBITE (German) Angela Merkel, German Chancellor:\u003cbr/\u003e\"Equally unacceptable from the German point of view is any move by the 27 (European Union) member states to stretch a shield and pay into a fund, and for the 27 member states to jointly perform crisis management in a particular country. From my point of view that is not conducive to fast action and that is why we are against it.\"\u003cbr/\u003e19. Mid of photographers\u003cbr/\u003e20.  SOUNDBITE (German) Angela Merkel, German Chancellor:\u003cbr/\u003e\"We have in fact discussed the matter in the cabinet today, that there is a legal basis in Germany to bring a manager and board members to account. We have, nevertheless, agreed that those possibilities are almost never used. We all need to see how we can make use of those laws, or how we can change the laws so that they can be applied.\"\u003cbr/\u003e21. Wide of government bench in the parliament \u003cbr/\u003e22. Close-up of Members of Parliament  \u003cbr/\u003e23. Wide of students listening to parliamentary session\u003cbr/\u003eEuropean stock markets were mixed on Tuesday after the US Federal Reserve made a bold new guarantee to buy short-term commercial debt known as commercial paper in an attempt to unblock credit market.\u003cbr/\u003eBut enthusiasm over the Fed's latest efforts to inject frozen credit markets with a dose of much-needed confidence gave way to concerns about financial companies' balance sheets.\u003cbr/\u003eAt the end of trading on Tuesday, Germany's DAX was down 1.1 percent, at 5,326.63. \u003cbr/\u003eIn Frankfurt, Director of Equities Trading with Close Brothers Seydler AG, Oliver Roth, forecast that markets would stabilise but only in the short-term..\u003cbr/\u003eMeanwhile, German Chancellor Angela Merkel on Tuesday stressed the need for Europe to combat the financial crisis together but she again rejected the idea of a Europe-wide bailout fund, and criticised Ireland's unilateral move to set up a sweeping bank guarantee.\u003cbr/\u003eMerkel welcomed a commitment by European Union governments to rescue failing banks in their country that could affect other nations.\u003cbr/\u003eHowever, she also pointed to European divisions over wider-ranging efforts to stem problems on the continent. \u003cbr/\u003eEuropean Union governments have avoided copying the U.S. with a massive bailout to buy up bad debt from banks and help unfreeze lending.\u003cbr/\u003eMerkel singled out the Irish way of \"stretching a shield over one's own financial institutions.\" \u003cbr/\u003eIreland guaranteed not only 100 percent of bank deposits but loans to its banks from other banks. \u003cbr/\u003eBritish banks also criticised the move as anti-competitive.\u003cbr/\u003eMerkel said it was also not acceptable for \"27 member states to set up a shield and everyone to pay into a fund, in order then ... to conduct crisis management in individual member states.\"\u003cbr/\u003eShe said the idea of such a fund \"is not conducive to a fast action.\"\u003cbr/\u003eMerkel has portrayed her own government's pledge, made Sunday, to guarantee all private bank deposits, as being in line with European efforts to act together.\u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='resource-details-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='resource-details-heading'\u003eResource Details\u003c/h2\u003e\n\u003cdiv class='rp-resource-details clearfix'\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eCurator Rating\u003c/dt\u003e\n\u003cdd\u003e\u003cspan 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