Financial World Germany | Brown: World needs ‘global New Deal’

February 23, 2009 by frankls
Filed under: Hot Topics

Brown: World needs ‘global New Deal’
The world needs a "global New Deal" to haul it out of the economic crisis it faces, Prime Minister Gordon Brown of the United Kingdom said Sunday.

"We need a global New Deal — a grand bargain between the countries and continents of this world — so that the world economy can not only recover but… so the banking system can be based on… best principles," he said, referring to the 1930s American plan to fight the Great Depression.
Brown was speaking as the leaders of Europe’s biggest economies met to try to forge a common position on the global financial crisis ahead of a major summit in London in April.

View post Brown: World needs ‘global New Deal’ – CNN.com

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http://www.cnbc.com/id/26881273

German Finance Minister Steinbrueck: "The world will never be as it was before the crisis. The United States will lose its superpower status in the world financial system. The world financial system will become more multi-polar."
…
Merkel criticized [Washington's] stance at the weekend, saying the days of laissez-faire capitalism were over.
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Steinbrueck, in one of the harshest attacks on U.S. policies from a G8 ally, denounced what he called an Anglo-Saxon drive for double-digit profits and massive bonuses for bankers and company executives.

EU Leaders Back Sweeping Financial Regulations › Japan Today …
“Europe will own up to its responsibility in the world,” Merkel told reporters following the talks. Leaders from Britain, France, Germany, Italy, Luxembourg, Spain, the Netherlands and the Czech Republic agreed to press for sanctions on ……[Read More]

LewRockwell.com Blog: Germany: EU Backs Blanket Financial Regulation
Germany: EU backs blanket financial regulation. Posted by David Kramer at February 22, 2009 10:01 AM. As we move one step closer to One World Government, the same people who brought us the current global financial “crisis” have just ……[Read More]

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