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by rugfish
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7 Pages
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02/18/2009 |
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Good to luck Gordon Gordon Brown stakes his political future on the G20 Summit talks in April when he intends to attempt a global recovery package for world leaders currently embroiled in financial crisis around the globe. Entitled The Road to the London Summit, Mr Brown lays out well in advance, where he thinks it went wrong and the measures he'd like to see to help put it right. As follows, The Road to the London Summit can be read here in its entirety. Given there are no other ideas from world leaders and given that Mr Brown appears to be in poll position in the eyes of world leaders who see him as able enough to steer a clear path forward, then it appears he might get a lot of support for his initiative. Also, in respect the alternative is to allow people to take a massive fall in asset values and savings, with little chance of recovery on their employment horizons, then I can only wish him the best of luck in his endeavour to persuade 19 other leaders to agree with his proposals. All I can hope is that they go far enough but not too far, so as to make the global regulatory framework too restrictive which would dampen rather than reignite the entrepreneurship which gave us the growth which eventually led rather unfortunately to the present economic crisis simply as a result of his own and other leaders bad handling of regulation in the first place, for which he and others still decline to accept any personal blame. Ultimately, the people will of course decide whether his actions amount to anything as they will decide to save or spend according to the levels of confidence they feel.