Thursday 3 September 2009

Gordon Brown’s $1 trillion global rescue package unravels

The Times
"Alistair Darling is scrambling to plug a gaping hole in the $1.1 trillion global rescue package agreed by G20 leaders in London — hailed at the time as Gordon Brown’s biggest success.Some countries, led by Germany, are even calling for the bailout to be scaled back amid fears that it risks burdening economies with too much debt and could encourage inflation.The breakdown of unity reflects the different speeds at which countries are emerging from recession and conflicting views about the outlook for the global economy."

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