Archive for the ‘global economic’ Category

Merkel and Brown Challenge Obama, Call for Global Economy Rules

January 31, 2009

German Chancellor Angela Merkel and British Prime Minister Gordon Brown argued for tougher control of the international economy, opening up a potential split with the United States on ending the financial crisis.

AFP

Merkel said a UN economic council based on the UN Security Council may have to be created to police the global economy, while Brown said his “shared revolution” would strengthen current international institutions.

Both proposals went counter to US ideas rejecting any global enforcer. At a Group of 20 summit in November, Washington fought for national regulators to take precedence.

Brown and Merkel set out the case for greater international control at the World Economic Forum in Davos, both looking forward to a new G20 summit on the crisis to be held in London in April.

The British prime minister, his concentration broken by his own mobile phone ringing during a press conference, called for “a shared revolution in common action to deal with real problems.”

Read the rest:
http://news.yahoo.com/s/afp/20090131/
ts_afp/davoseconomypolitics_20090131
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Related:
Germany Calls U.S. Auto Bailout “Protectionism”
http://edition.cnn.com/2009/BUSINESS/01/
30/davos.wef.friday.wrap/index.html

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