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Brown had attracted international praise for his actions in the wake of the financial crisis of 2007–2008 and the subsequent bank rescue package in 2008.The first line of an opinion piece by economist Paul Krugman published in The New York Times on 12 October 2008 was "Has Gordon Brown, the British prime minister, saved the world financial system?"
A wave of international action to address the financial crisis affected stock markets around the world. Although shares in the affected banks fell, the Dow Jones went up by more than 900 points, or 11.1 per cent, while London shares also bounced back, with the FTSE 100 Index closing more than 8 per cent higher on 13 October 2008.
The book discusses the 2007–2008 financial crisis and Brown's recommendations for future co-ordinated global action. [ 146 ] [ 147 ] He played a prominent role in the lead-up to, and the aftermath of, the 2014 Scottish independence referendum , campaigning for Scotland to stay in the United Kingdom. [ 148 ] "
Beyond the Crash: Overcoming the first crisis of globalisation is a 2010 book by Gordon Brown, who served as the Prime Minister of the United Kingdom from 2007 until 2010. The work argues that the only way to overcome the financial crisis of 2007–2010 fully is with further coordinated global action. Brown states that a shared "global compact ...
The 2008 G20 Washington Summit on Financial Markets and the World Economy was the first meeting, held in Washington, D.C., United States.It achieved general agreement amongst the G20 on how to cooperate in key areas so as to strengthen economic growth, deal with the 2007–2008 financial crisis, and lay the foundation for reform to avoid similar crises in the future.
My Life, Our Times received mixed reviews from critics.. Writing in The Guardian, political journalist and specialist on New Labour, Andrew Rawnsley, noted the memoir's most riveting moments concerned the financial crash; "the most valuable chapters here are those that describe how they averted a total implosion of the banking system". [4]
Gordon Brown served as Chancellor of the Exchequer of the United Kingdom from 2 May 1997 to 27 June 2007. His tenure was marked by major reform of Britain's monetary and fiscal policy architecture, transferring interest rate setting powers to the Bank of England, by a wide extension of the powers of the Treasury to cover much domestic policy and by transferring responsibility for banking ...
Geir Haarde and Gordon Brown in happier times. This meeting, at 10 Downing Street on 24 April 2008, was the only time the two men had met prior to the Icelandic financial crisis. Even in April, the problems of the Icelandic banking sector were one of the topics of discussion between the two Prime Ministers.