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UK calls for EU-wide rescue plan - EUobserver

In a sharp about face, UK Prime Minister Gordon has written to EU leaders encouraging the creation of a "Europe-wide funding plan" to tackle the worsening financial crisis.

As recently as last week, Mr Brown said his country was opposed to any EU-wide rescue package.

Writing to French President Nicholas Sarkozy on Wednesday (8 October), the British leader gave details on the UK's own £500 billion (€630 billion) plan announced yesterday morning and added that a "concerted international approach" was needed. The letter was also copied to other EU government leaders.

The UK now favours a pan-European plan to deal with the crisis

Speaking to reporters after announcing the UK plan, Mr Brown said he had also spoken to the French leader.

"We have invited other European countries to consider proposals we have put to them this morning on medium term funding and are in active consultation about how we can adopt a European-wide funding plan," he said.

by Fran (fran at eurotrib dot com) on Thu Oct 9th, 2008 at 03:25:24 PM EST
[ Parent ]
Having refused participation in the common currency, peed on the EU policies in general and aims and goals in particular, having tried to go it alone---now Gordon Brown appears, hat in hand.
There may well be some catty sniping around various capitals over this.

Capitalism searches out the darkest corners of human potential, and mainlines them.
by geezer in Paris (risico at wanadoo(flypoop)fr) on Fri Oct 10th, 2008 at 02:00:17 AM EST
[ Parent ]

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