EU leaders back sweeping financial regulations (AP)

British Prime Minister Gordon Brown, German Chancellor Angela Merkel, the President of France, Nicolas Sarkozy, and the Prime Minister of Italy, Silvio Berlusconi, from left, address the media after a meeting in Berlin, Germany, Sunday, Feb. 22, 2009. German Chancellor Angela Merkel hosts a meeting of key European leaders to help prepare for an April international summit on combating the financial crisis. (AP Photo/Herbert Knosowski)AP – European leaders backed sweeping new regulations for financial markets and hedge funds at a summit Sunday in Berlin as politicians and nations scrambled to tame the global economic crisis.

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