Recession is the ‘birth pangs of a new global order’, says Brown

Daily Mail
By Kirsty Walker
27.01.2009

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.

Full article

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