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| Stakes higher than ever, says PM | Stakes higher than ever, says PM |
| (10 minutes later) | |
| Gordon Brown has warned fellow world leaders that the stakes are "higher than ever before", as he called for reforms of the global finance system. | Gordon Brown has warned fellow world leaders that the stakes are "higher than ever before", as he called for reforms of the global finance system. |
| Ahead of a meeting of EU leaders, the prime minister said action to improve liquidity was not enough. | Ahead of a meeting of EU leaders, the prime minister said action to improve liquidity was not enough. |
| More had to be done to boost confidence in the markets, while the next few days were "crucial", he added. | More had to be done to boost confidence in the markets, while the next few days were "crucial", he added. |
| But opposition leader David Cameron said the crisis would not have happened under a Conservative government. | But opposition leader David Cameron said the crisis would not have happened under a Conservative government. |
| Superhero? | Superhero? |
| EU leaders are meeting in Brussels later to discuss the economic crisis. | EU leaders are meeting in Brussels later to discuss the economic crisis. |
| At a gathering of the Foreign Press Association in London, Mr Brown said: "We need to show that we have dealt with the difficulties' cause in the first place, that we are making the reforms that are necessary so that the global financial system will work." | At a gathering of the Foreign Press Association in London, Mr Brown said: "We need to show that we have dealt with the difficulties' cause in the first place, that we are making the reforms that are necessary so that the global financial system will work." |
| He added: "I believe the stakes are higher than ever before and the coming days will be crucial for the international community." | He added: "I believe the stakes are higher than ever before and the coming days will be crucial for the international community." |
| Mr Brown was repeatedly asked how it felt to be viewed as a "superhero", given the praise he has received from some commentators for his handling of the banking crisis. | Mr Brown was repeatedly asked how it felt to be viewed as a "superhero", given the praise he has received from some commentators for his handling of the banking crisis. |
| He said politics had its "ups and downs", but added: "I'm just Gordon, I can assure you." | He said politics had its "ups and downs", but added: "I'm just Gordon, I can assure you." |
| But Mr Cameron told BBC Radio 2's Jeremy Vine Show: "Gordon Brown did something in 1997 that we thought was wrong, and I still think was wrong, and I would put right, in that he basically took the Bank of England out of the scene of regulating the level of debt in the economy. | |
| "That was a very bad mistake. We're paying for that mistake now, and we should correct it." | "That was a very bad mistake. We're paying for that mistake now, and we should correct it." |