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Brown underestimated financial crisis, says British ex-minister
Published in Saudi Press Agency on 04 - 09 - 2011


Former British prime minister Gordon Brown thought
the financial crisis would only last six months, according to a new
book by the country's finance minister at the time, according to dpa.
Brown, who was prime minister from 2007 to 2010, spanning the
height of the crisis, also ran a "fairly brutal regime", according to
Alastair Darling, who was finance minister under him.
At the height of the crisis in 2008, Brown told Darling the crisis
would only last six months, and that Darling was being "too
cautious."
In an interview to promote the book on the BBC, Darling also said
other Labour party politicians should have "done something" about
Brown's leadership before he took the party to election defeat in
2010.
At the time Brown was credited with coordinating an early G20
response to the collapse of Lehman Brothers and the subprime mortgage
crisis in the US, as it spread through the world economy.
Tony Blair, Brown's predecessor as prime minister, has also
criticized his successor. In his autobiography last year, he
described Brown - whose perceived lack of charisma with voters saw
the party struggle in opinion polls - as having "zero emotional
intelligence."


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