Economic crisis needs international response

January 30, 2009

The Prime Minister has laid the foundations of the upcoming G20 summit in London by stressing that "only a truly international response" to the current global economic crisis can be effective.

Speaking at the Foreign Press Association in London on Monday, Mr Brown said that the world should avoid retreating into domestic markets and beginning a process of "deglobalisation". World leaders attending April's London Summit should secure the "widest possible international agreement" on building a financial early-warning system, establishing the principles of new global regulation and agreeing international standards of governance, he said.