Brown: Use Crisis To Create New Financial World Order

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British Prime Minister sells globalization as the saviour

“We are proposing a world leaders’ meeting in which we must agree the principles and policies for restructuring the financial system across the globe,” Brown added.

His speech came after the UK government announced it would bail out three high street banks – RBS, HBOS and Lloyds TSB – to the tune of £37bn. Since that announcement, shares in the banks have plunged on the stock market.

  1. May 9th, 2012
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