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| Version 2 | Version 3 |
|---|---|
| Tackle protectionism head-on - PM | Tackle protectionism head-on - PM |
| (10 minutes later) | |
| Prime Minister Gordon Brown has said the "whole world should be committed" to overcoming the economic downturn and tackling protectionism "head-on". | Prime Minister Gordon Brown has said the "whole world should be committed" to overcoming the economic downturn and tackling protectionism "head-on". |
| He repeated his calls for countries to work together in response to global recession, saying trade would help "the poorest and most vulnerable". | He repeated his calls for countries to work together in response to global recession, saying trade would help "the poorest and most vulnerable". |
| There had to be "fundamental reform" of financial regulation, Mr Brown added. | There had to be "fundamental reform" of financial regulation, Mr Brown added. |
| The prime minister was speaking after Downing Street talks with EU Commission president Jose Manuel Barroso. | The prime minister was speaking after Downing Street talks with EU Commission president Jose Manuel Barroso. |
| Mr Brown's comments come after a meeting of European finance ministers in Horsham, West Sussex, at the weekend, and ahead of the summit of leaders of the G20 group of rich and emerging nations in London on 2 April. | Mr Brown's comments come after a meeting of European finance ministers in Horsham, West Sussex, at the weekend, and ahead of the summit of leaders of the G20 group of rich and emerging nations in London on 2 April. |
| 'Help the poorest' | 'Help the poorest' |
| At a Downing Street press conference he said: "We are seeing a large fall in world trade... | At a Downing Street press conference he said: "We are seeing a large fall in world trade... |
| "The 1930s brought protectionism in response to recession; in 2009 we must tackle protectionism head-on." | "The 1930s brought protectionism in response to recession; in 2009 we must tackle protectionism head-on." |
| The world should move from "from beggar-thy-neighbour policies to support-thy-neighbour policies", he added. | The world should move from "from beggar-thy-neighbour policies to support-thy-neighbour policies", he added. |
| The prime minister said any economic stimulus package must "help the poorest, who are in the end the most hard hit by the global recession". | The prime minister said any economic stimulus package must "help the poorest, who are in the end the most hard hit by the global recession". |
| Jose Manuel Barroso calls for economic 'openess' | |
| He added: "The G20 must have a focus on the poorest and most vulnerable... We need fundamental reform of the international regulatory system." | He added: "The G20 must have a focus on the poorest and most vulnerable... We need fundamental reform of the international regulatory system." |
| Mr Brown said: "I think the whole world should be committed to the sustained effort that is needed to sustain growth." | Mr Brown said: "I think the whole world should be committed to the sustained effort that is needed to sustain growth." |
| Following indications from the head of the US Federal Reserve Ben Bernanke that he expected America's recession to end this year, Mr Brown declined to put a date on when recovery would arrive in the UK. | Following indications from the head of the US Federal Reserve Ben Bernanke that he expected America's recession to end this year, Mr Brown declined to put a date on when recovery would arrive in the UK. |
| He said the speed of such a change would depend on the extent of international co-operation and decisions at the G20 and G8 meetings. | He said the speed of such a change would depend on the extent of international co-operation and decisions at the G20 and G8 meetings. |
| Mr Brown also endorsed Mr Barroso for another term as Commission president. | Mr Brown also endorsed Mr Barroso for another term as Commission president. |
| Mr Barroso said: "This recession is affecting every European household. Profits cannot be private while debts are public. We need ethics back in the financial system." | Mr Barroso said: "This recession is affecting every European household. Profits cannot be private while debts are public. We need ethics back in the financial system." |