Brown says: “We…saved the world…”; Sterling falls to record against Euro and Germany criticises the UK’s “crass Keynesianism”
Dec 11th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
British Prime Minister Gordon Brown is seldom shy in self-praise and in the House of Commons on Wednesday, in response to a question from David Cameron on why his multi-billion-pound banks bailout had failed to filter down to the taxpayer, the PM replied: "We not only saved the world..." and then stumbled amidst ridicule from Opposition benches. Also on Wednesday, sterling fell to a record low against the euro and Germany’s finance minister attacked the “crass Keynesianism” pursued by the UK government.