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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.
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 ...
Former prime minister Gordon Brown has demanded the Government come up with an emergency budget before a “financial timebomb” in October “pushes millions over the edge”.
The former prime minister issued a plea for ‘urgent measures’ to cover further rises in fuel bills.
The five economic tests were the criteria defined by the UK treasury under Gordon Brown that were to be used to assess the UK's readiness to join the Economic and Monetary Union of the European Union (EMU), and so adopt the euro as its official currency.
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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.