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UK's Brown urges Europe to coordinate before G20
Published in Saudi Press Agency on 21 - 02 - 2009


British Prime Minister Gordon
Brown wants European nations to improve coordination of their
economic support plans ahead of the G20 London summit, his
spokesman said on Saturday, according to Reuters.
Brown meets German Chancellor Angela Merkel and other
European leaders in Berlin on Sunday to foster a
consensual approach ahead of the G20 on April 2 when world
leaders meet to discuss how to tackle the global downturn.
Brown wrote to European leaders this week setting out areas
where he thought they could take action before the summit.
"The EU should be using its influence to build an
international consensus behind the necessary action that the
international community has got to take," the spokesman told
Reuters.
"We need to continue to provide fiscal stimulus to our
national economies and ensure those are co-ordinated."
The spokesman said the third area proposed by Brown for
European co-operation was financial regulation, where there are
differences of opinion about how far-reaching changes should be.
Brown launched a prospectus for the G20 this week in which
he urged more action to support economies, improve regulation,
conclude stalled trade talks and reform international financial
institutions to give more say to developing nations.
Europe will have a strong voice at the G20 with current EU
presidency holders Czech Republic joining Britain, France,
Germany, Italy, the Netherlands, Spain and the EU Commission.
Some European countries have criticised Britain over the
fall in sterling, which they say gives British exporters an
unfair advantage at a time of shrinking global demand.
There have also been concerns over a rise in protectionism
in response to the downturn -- France has come under fire for
helping its car industry and Britain has bailed out several of
its largest banks.
Leading politicians in Germany and France have said
Britain's fiscal stimulus efforts -- specifically a cut in sales
tax -- were not thought through properly.
"We've always said that countries need to make their own
decisions, but it's important that we talk about the action we
take and we co-ordinate our responses," Brown's spokesman said.


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