London- British Prime Minister Gordon Brown Tuesday called for agreements on reform of the global financial system and warned that the coordinated measures taken this week were not enough to ensure long-term stability.
Brown told foreign correspondents in London that the stakes were "higher than ever" and that the moves to shore up bank liquidity alone were not sufficient.
"We need to show that we have dealt with the difficulties' cause in the first place, that we are making the reforms that are necessary so that the global financial system will work."
London - British Prime Minister Gordon Brown has promised an "end to rewards for failure" while annoucing details of a 37-billion pound (65-billion-dollar) bank bail-out package in London on Monday.
The package, which will see the British government taking significant ownership in the Royal Bank of Scotland (RBS) and a merged Lloyds TSB and HBOS, comes with the proviso of no bonuses for the executives of banks that receive public funds.
London, Oct. 13 : Prime Minister Gordon Brown has decided to move the seat of power in Britain away from 10 Downing Street in a break with 300 years of history.
According to The Sun, Brown has decided to set up an open plan “war room” operation and is moving the heart of Government to 12 Downing Street.
His move is aimed at sharpening up his Government and equipping himself to make decisions more quickly in the face of the global financial crash.
London, Oct 12 : British Prime Minister Gordon Brown’s new minister for race relations has attacked Sharia courts, insisting that the Muslim community in Britain is not “advanced” enough to have its own legal system.
Sadiq Khan, whose comments will have added impact because he is a Muslim himself, has also warned that the growing number of tribunals based on Islamic codes could entrench discrimination against women, The Times reported.
London - British Prime Minister Gordon Brown has called on governments around the world to follow the example of Britain in taking "ground-breaking" decisions to stabilize the banking system.
Writing in the Times newspaper Friday, Brown said governments should put money into struggling banks and offer similar guarantees worth hundreds of billions to persuade the banks to start lending to each other again.
London- British Prime Minister Gordon Brown Tuesday called for agreements on reform of the global financial system and warned that the coordinated measures taken this week were not enough to ensure long-term stability.
London - British Prime Minister Gordon Brown has promised an "end to rewards for failure" while annoucing details of a 37-billion pound (65-billion-dollar) bank bail-out package in London on Monday.
London, Oct. 13 : Prime Minister Gordon Brown has decided to move the seat of power in Britain away from 10 Downing Street in a break with 300 years of history.
London, Oct 12 : British Prime Minister Gordon Brown’s new minister for race relations has attacked Sharia courts, insisting that the Muslim community in Britain is not “advanced” enough to have its own legal system.
