Tags: gordon | brown | new | deal

Gordon Brown: World Needs 'Global New Deal'

Tuesday, 24 Feb 2009 11:55 AM

By Jim Meyers

  Comment  |
   Contact  |
  Print  
|  A   A  
  Copy Shortlink

The world needs a “global New Deal” to combat the economic crisis affecting all nations, Britain’s Prime Minister Gordon Brown said.

Brown spoke in Berlin at a Sunday meeting of the leaders of Europe’s largest economies as they struggle to cope with the crisis impacting banks, homeowners, businesses and employees worldwide.

“We need a global New Deal — a grand bargain between the countries and continents of this world — so that the world economy can not only recover but so the banking system can be based on … best principles,” Brown said.

German Chancellor Angela Merkel, the host of the meeting, urged nations to work together to deal with the crisis, CNN reported.

“Confidence can only be restored if people in our countries feel that we are pulling in the same direction and have understood that we really must learn lessons from this crisis,” she said.

She proposed the formation of a new “institution” that will “take on more responsibility for global [financial] mechanisms.”

The Europeans favor tighter regulation of international financial markets, according to CNN.

The meeting came ahead of a major conference in London scheduled for April, which will bring together the G-7 leading industrialized countries – the U.S., the United Kingdom, Japan, France, Italy, Germany and Canada — as well as the European Union and the world’s largest developing countries, including China, India and Russia.

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Mali's Islamists Withdraw Cease-Fire Pledge

Friday, 04 Jan 2013 13:06 PM

Tens of thousands of Fatah supporters rallied in the Hamas stronghold of Gaza on Friday for the first time since they we . . .

Fmr. CIA Director Hayden: Iran Nuclear Crisis Gets 'Scarier'

Tuesday, 17 Jul 2012 18:11 PM

 . . .

Join Fmr. CIA Director for Special Iran Briefing, Assess the Danger

Friday, 13 Jul 2012 12:27 PM

 . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved