Qualified advisers answering your
Financial Questions
call 0800 092 1245

G20 worldwide rescue package starts to unravel

Only a few months ago Gordon Brown was on top of the world after leading his fellow at G20 leaders towards a $1 trillion global rescue package to "save the world". Not only was Gordon Brown the flavour of the month but literally everybody in Europe and beyond was following his spend, spend, spend solution to the recession like lemmings. However, things have now changed!

While we still await official confirmation that the $1.1 trillion rescue package will go ahead there are strong rumours of significant funding gaps in the plans. It seems that as the European economy begins to recover certain countries, including Germany, are not prepared to pay their share of the financial package. There is also further disharmony within the G20 regarding how the rescue package should be administered as well as significant differences of opinion regarding banking bonuses.

Slowly but surely the UK is being left behind by European counterparts, whose economies are starting to recover, at a time when the UK is saddled with debts approaching £1.2 trillion. Gordon Brown has gone from hero to zero in just 12 months and fellow EU member states are openly criticising his plans. These are the very same people who were patting Gordon Brown on the back a short while ago!

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details