- My Account
- Logout
- Register
- Login
Brown confident over stimulus deal
14 January 2009
The Prime Minister sought to present a united front with his German counterpart Angela Merkel as she visited Downing Street ahead of the London Summit.
But, at a joint press conference following their meeting, the German Chancellor played down the need for any additional fiscal injections beyond those her government was already committed to.
Their talks came as Alistair Darling was pressing the finance ministers of all leading economies to make an "explicit commitment" that they are prepared to take further fiscal action if necessary.
Standing alongside Ms Merkel in Number 10, Mr Brown said: "Of course we will review this as we look at what we do at the G20.
"But I think you will find that countries will be agreeing together about what we are going to do in future, both in fiscal and monetary policy and in the regulatory system.
"I believe that we are setting a path with the G20 where one by one we are reaching agreement on the big issues for the future."
However, Ms Merkel stressed that Germany had already committed to a fiscal stimulus worth 4.2% of GDP, putting her country in the "vanguard".
She went on to suggest any talk of further actions were premature as the current package was yet to be implemented fully.
"Nothing has actually taken effect on the ground," she said through an interpreter. "If we want to strengthen the effect of such packages we will simply have to implement them first."
Top stories in News in brief
News in brief in Pictures
Top stories in News in brief
News in brief in Pictures
-
London gets ready for the Diamond Jubilee - in pictures
-
EXCLUSIVE: I won't play with Joey Barton, says Adel Taarabt
-
Diamond Jubilee: Boat by boat, here is where to watch the Queen's Thames flotilla - VIDEO
-
Duchess of Cambridge is pretty in pink at her first Buckingham Palace garden party
-
News pictures of the day
-
London 2012 Olympics: Raising the bar and the Games haven't even started yet. Price of toasting Team GB is £6 a pint! -
Timebomb ticking in Thames Estuary could put Boris Island plans in jeopardy -
Duchess of Cambridge is pretty in pink at her first Buckingham Palace garden party
-
‘We will form a human barricade to keep missiles off our homes’
-
Regent’s Park rapist: Teenage jogger assaulted by stranger in terrifying 7am attack
The O2
Check out the cool stuff happening under our tent such as the hottest gigs, comedy, sport, films, clubs, bars, restaurants and much more.
A home to be proud of with Halifax
Download the Halifax's brilliant, free new Home Finder app, and take all the pain out of finding your dream home.
Can you imagine a career in teaching?
Be inspired to teach - let real teachers show you how rewarding the job can be.
Playing a game-changing role during the Games
Cisco is providing the solutions for London 2012's complex IT needs.
Win a Silverstone track day with Zantac 75
Feel the burn of a different kind - 20 Silverstone motoring experiences to be won
Celebrate with MARTINI®
This weekend toast one royal with another and make your Jubilee sparkle with a MARTINI Royale.
Reader Offers email A fantastic selection of
offers, giveaways and
promotions.
Why I think doctors are right to strike
Family pay tribute to the London man who gave his life to save a five-year-old girl from drowning
Eton schoolboys fly Games flag on Everest
Horror on the 5.53! Commuter dragged 200 feet after getting hand trapped on train
Shrimpy's - review