theTANTALIZER
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Global new deal 'possible' in months
WASHINGTON (AFP) – Prime Minister Gordon Brown raised the prospect of a global "new deal" to fix the finance industry within months, setting the stage for April's G-20 economic summit with President Barack Obama.
Brown, taking a welcome break from political problems back home, claimed his prize as the first European leader to meet Obama in the Oval Office, and won a statement from the US leader that US-Britain ties were unbreakable.
Obama agreed the world needed to work collectively to head off future financial crises, but did not give a specific, public endorsement of Brown's calls for a sweeping new global regulatory framework.
Brown, who will on Wednesday give a showpiece address to a joint session of the US Congress, also called for an overhaul of global financial institutions and a drive for a new green, globalized economy.
"Look, there is the possibility in the next few months of a global new deal that will involve all the countries of the world in sorting out and cleaning up the banking system," Brown told reporters in the Oval Office.....
Link: http://news.yahoo.com/s/afp/20090303...AsPkvuLUxvaA8F
WASHINGTON (AFP) – Prime Minister Gordon Brown raised the prospect of a global "new deal" to fix the finance industry within months, setting the stage for April's G-20 economic summit with President Barack Obama.
Brown, taking a welcome break from political problems back home, claimed his prize as the first European leader to meet Obama in the Oval Office, and won a statement from the US leader that US-Britain ties were unbreakable.
Obama agreed the world needed to work collectively to head off future financial crises, but did not give a specific, public endorsement of Brown's calls for a sweeping new global regulatory framework.
Brown, who will on Wednesday give a showpiece address to a joint session of the US Congress, also called for an overhaul of global financial institutions and a drive for a new green, globalized economy.
"Look, there is the possibility in the next few months of a global new deal that will involve all the countries of the world in sorting out and cleaning up the banking system," Brown told reporters in the Oval Office.....
Link: http://news.yahoo.com/s/afp/20090303...AsPkvuLUxvaA8F
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