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Gordon Brown: Recession a 'Crisis of Confidence'

Complete video at: UK Prime Minister Gordon Brown argues that financial bailouts are only a first step towards resuming lending and re-inspiring consumer confidence. "We're prepared to consider radical options," Brown says. "The old ways have not worked." ----- At the G20 Summit in November 2008, governments representing 85% of the world economy pledged to work together to restore global growth. Where does this pledge stand today and what are the next steps to revive global growth? Panelists include Gordon Brown, Felipe Calderon, Kgalema Petrus Montlanthe, and Han Seung-soo. Moderated by Fareed Zakaria. - World Economic Forum James Gordon Brown MP (born 20 February 1951) is a British Labour politician and the Prime Minister of the United Kingdom of Great Britain and Northern Ireland. Brown assumed office in June 2007, after the resignation of Tony Blair and three days after becoming leader of the governing Labour Party. Before this, he served as Chancellor of the Exchequer in the Labour government from 1997 to 2007 under Blair. Brown has a PhD in history from the University of Edinburgh and spent his early career working as a TV journalist. He has been a Member of Parliament since 1983; first for Dunfermline East and since 2005 for Kirkcaldy and Cowdenbeath.
Length: 03:25


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