MORE CR*P FROM BROWN: WE HAVE TOLD YOU..TOLD YOU...TOLD YOU.. GLOBAL GOVERNANCE. GLOBAL SECURITY STATE

Brown: Bold actions needed to tackle global crisis

By Andrew Woodcock and Jon Smith, Press Association

Monday, 9 February 2009

The global economic crisis will require "innovative and bold" responses
from governments around the world, Prime Minister Gordon Brown said
today.

As the London summit of the G20 group of major economies approaches,
leaders must show they are capable of taking the international action
necessary to restore growth and prosperity, Mr Brown said.

He was speaking at a gathering of economists in Lancaster House to set
the scene for the 2 April summit, which will take place at the ExCel
Centre.

Mr Brown said: "I believe we are setting off on a course where we have
to not only look at what national governments need to do to deal with
the global financial crisis, but we need also to look - because this is
a global problem that requires global solutions - at what we can do
internationally to deal with the problems we face.

"I believe that we will need to leave behind old orthodoxies and think
boldly about new solutions, particularly in the international area, that
can equip us better for the challenges we face, particularly avoiding
crises like this in the future."

Mr Brown said the "first financial crisis of the global age" had led to
a 40% slump in share prices around the world and substantial rises in
unemployment in many countries.

"It calls for innovative and bold solutions that I hope the world will
be capable of as we move towards G20," he said.

Mr Brown made clear his determination not to be judged by history in the
same way as the ministers and officials who rejected economist John
Maynard Keynes's calls for a fiscal stimulus at the time of the stock
market crash of 1929.

Winston Churchill described the Government of the day as "resolved to be
irresolute, adamant for drift, solid for fluidity and all-powerful for
impotence", recalled the Prime Minister.

And Mr Brown told today's audience: "That's not the position we want to
be in as we face the future."

The Prime Minister stressed: "The priority for us must be the jobs and
livelihoods of millions of families who feel insecure as a result of
what's happened, and how it has happened so quickly.

"So the focus on jobs and maintaining employment and making sure we
don't convert short-term unemployment into long-term unemployment is one
every government is considering. "

He added: "I don't think there's a national, one-country- only solution
to these problems.

"The global problem we have requires global action. The need, the
necessity, the urgency for international action is greater than ever
before."

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