Today’s politics is global as well as local. ++ A global effort is required to “reduce the impact of the downturn and support a sustainable recovery.” ++ Problems in emerging markets and developing countries should not be ignored. ++ Increased funding to the IMF should be agreed by the G20 to increase lending and “prevent the spread of the crisis from corporations to countries.” ++ In addition,
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Gordon Brown and Alistair Darling “have shown us the way through this financial crisis.” ++ The British Prime Minister and his officials lead the world in assessing the financial crisis and quickly enacting an apt solution. ++ The problem: lack of capital in the banking system; Brown’s solution: equity injections, a type of temporary nationalization, with the first commitment of funds coming to
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