It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
British PM to Propose 'Global New Deal' to Rescue World's Economy
Sunday, March 01, 2009
British Prime Minister Gordon Brown hopes to forge a "global new deal" with President Obama to rescue the world's economy when he makes his first visit to the White House since Obama's inauguration.
The Times of London reports Brown, who arrives Tuesday, will reportedly introduce a plan requiring massive spending on a worldwide scale.
The prime minister is expected to invoke the words of President Franklin D. Roosevelt, who proposed the government-financed New Deal to confront the Great Depression in the 1930s, the paper reports.
"There is no international partnership in recent history that has served the world better than the special relationship between Britain and the United States," Brown writes in an opinion piece published Sunday in the Times of London.
Brown's 21st century deal calls for "universal action to prevent the crisis spreading" and "action to kick-start lending so that families and businesses can borrow again." It also requires "reform of international regulation to close regulatory gaps" and "the creation of an international early warning system."
Brown, who has hinted at increasing Britain's tax cuts to boost that nation's economy, is expected to present his proposal during a joint session of Congress on Wednesday.
The special relationship is going global
Sunday, March 01, 2009
Historians will look back and say this was no ordinary time but a defining moment: an unprecedented period of global change, and a time when one chapter ended and another began.
The scale and the speed of the global banking crisis has at times been almost overwhelming, and I know that in countries everywhere people who rely on their banks for savings have been feeling powerless and afraid. But it is when times become harder and challenges greater that across the world countries must show vision, leadership and courage – and, while we can do a great deal nationally, we can do even more working together internationally.
So now is the time for leaders of every country in the world to work together to agree the action that will see us through the current crisis and ensure we come out stronger. And there is no international partnership in recent history that has served the world better than the special relationship between Britain and the United States.
Brown: EU is united over economy
Page last updated at 17:10 GMT, Sunday, 1 March 2009
Gordon Brown has said the EU is united on the measures needed to tackle the global recession as he prepares for his first meeting with the US President.
Speaking after an emergency summit of EU leaders in Brussels, the PM said better financial regulation and action to keep interest rates low was needed.
"Bold global action, a global grand bargain, is not now just necessary but it is vitally urgent," he said.
Mr Brown will discuss the crisis with Barack Obama in the US next week.
This is what it's all about...borrow...more debt...more credit...
Brown's 21st century deal calls for "universal action to prevent the crisis spreading" and "action to kick-start lending so that families and businesses can borrow again."
Originally posted by SphinxMontreal
Enough with this Global this and Global that; the word is being played...
Originally posted by spirit_horse
Like we can afford to bail out the globe.
The American taxpayer can NOT support the entire planet.