Obama, Brown address global economy
04-03-2009
The British Prime Minister, Gordon Brown, has held talks at the White House with President Barack Obama - the first European leader to meet the president since his inauguration. Among the main issues discussed was the world economic crisis, with both of them agreed on the need for better regulation of the global banking system. Mr Brown said times had changed and co-ordinated action was needed to tackle a series of problems, including tax havens. Mr Obama said he was "absolutely confident" his administration's plans to deal with toxic bank assets would succeed and downplayed the big declines in the stock market recently and said share prices and the economy would revive in the long term. "What I'm looking at is not the day-to-day gyrations of the stock market but the long-term ability for the United States and the entire world economy to regain its footing," he said.
