Gordon Brown: Recession a 'Crisis of Confidence'

Complete video at: http://fora.tv/2009/01/30/G20_Leaders_on_Reviving_Economic_Growth

UK Prime Minister Gordon Brown argues that financial bailouts are only a first step towards resuming lending and re-inspiring consumer confidence. "We're prepared to consider radical options," Brown says. "The old ways have not worked."

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At the G20 Summit in November 2008, governments representing 85% of the world economy pledged to work together to restore global growth. Where does this pledge stand today and what are the next steps to revive global growth?

Panelists include Gordon Brown, Felipe Calderon, Kgalema Petrus Montlanthe, and Han Seung-soo. Moderated by Fareed Zakaria. - World Economic Forum

James Gordon Brown MP (born 20 February 1951) is a British Labour politician and the Prime Minister of the United Kingdom of Great Britain and Northern Ireland. Brown assumed office in June 2007, after the resignation of Tony Blair and three days after becoming leader of the governing Labour Party. Before this, he served as Chancellor of the Exchequer in the Labour government from 1997 to 2007 under Blair. Brown has a PhD in history from the University of Edinburgh and spent his early career working as a TV journalist. He has been a Member of Parliament since 1983; first for Dunfermline East and since 2005 for Kirkcaldy and Cowdenbeath.

Category:

News & Politics

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• stimulus
• economy
• recovery
• economics
• depression
• global
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[butchd2010]

when browns mouth moves it creats bullshit

[dreamcast98]

Don't let any politician take any of you for fools. Society as a whole is a mess. The monetary economy is on self destruction. No politician can solve nor change a thing because the economy as we know it is so outdated and above all corrupt, is causing so many global problems and is the cause of many human behaviours, greed,dishonesty,corruption,va­rious crimes,depression,human suffering and more. We need a resource based economy, a drastic change is required for money is the problem

[Bellalodicci9]

Pack your bags Brown. You'll be history in about three months time.

[1canshort]

The crisis was provoked by the yank's bad amateur banking system. Thanks a lot!

[CloudtheNxssEffa]

People apparently don't understand there are naturally winners and losers in all aspects of life, this just happens to deal with economics. Just like everyone cant be CEO's everyone can't be financially sound. The market should correct itself, why should the government have to correct it, because some people will suffer and they believe the government and taxpayers owe them something...I know this sounds harsh but too bad. A lot of people caused this mess to themselves by leveraging, deal with.

[oldterrorist]

credit means esteem reputation or honour.

it means to trust

Mr Brown you have no credit

[kewlfonz]

the only reason gordon brown is still in office is because the mp's 'supporting' him would lose their jobs and their only source of income if he was fucked out. A lot of the tory mps are multi millionaires - if they want to get rid of leader, they can afford to. The stupid socialist tossers can't so they have to support a turd like Brown - SAD!!!

[cuttheraceistheads]

u fat bastard i hope you die you pig labor sucks

[hm9990]

Lets have confidence in confidence tricksters! What a sick joke.

who pays for this mess? we do

who created this mess, bankers and govenments, GB in this country.

What laws have been passed to stop it happening again, none.

When will it end, when the country is destitute.

People are too soft and stupid to do anything, as they well know.

[jnuness]

luk how you can reduse your income and live is semols 2 bed rom terrace hause payd bay your self piss shit