Recession is the ‘birth pangs of a new global order’, says Brown
By Kirsty Walker
Gordon Brown has insisted that the recession was just the ‘difficult birth pangs of a new global order’.
As a poll showed more voters are turning against him, the Prime Minister warned that countries must see the financial crisis as the chance to forge a new financial system.
Setting the scene for April’s G20 talks in London, Mr Brown said: ‘If what happens to a bank in one country can within minutes have devastating effects for banks on a different continent, then only a truly international response of policy and governance can be effective.’
He said current ‘threats and challenges’ to the world economy should be seen as ‘the difficult birth pangs of a new global order’.
‘Our task now is nothing less than making the transition to a new internationalism with the benefits of an expanding global economy, not muddling through as pessimists, but making the necessary adjustment to a better future and setting new rules for this new global order’, he said.
Gordon Brown: New World Order
The Guardian/ICM poll found that two-thirds of voters believe that the banking bailout packages will achieve nothing or make things worse.
EU Calls For ‘New World Governance’ (video)