Gordon Brown has called on other governments to follow Britain's lead by supporting their struggling banks.
He told the BBC he was trying to "persuade" other world leaders to restructure the global financial system but warned that it "would take time".
Stock markets continue to fall sharply amid concerns about vulnerable banks.
Mr Brown's remarks came as the UK chancellor, Alistair Darling, is in Washington to meet finance ministers from the G7 group of richest nations.
The UK's FTSE 100 index fell 10% on opening, extending Thursday's losses, reflecting deep concerns about the fragility of the banking system and the prospect of a global recession.
Read more...
The word 'Global appears ten times in this one article. here comes the globalisation express !
No comments:
Post a Comment
Thanks for your comment it is much appreciated.