Saturday, April 4, 2009

Brown urged the bankers to refer to family values.

British Prime Minister Gordon Brown recommended that the bankers and financiers to adopt a family values, reports Sky News. According to him, the behavior of top managers of banks should not differ from that which they expect from their children.
"In our families, we teach our children responsibility and diligence. We do not appreciate when they endanger themselves or anyone else," - said Brown. He also cited the example of British bankers, small business, where owners and managers are not trained their subordinates irresponsible investments and hide in their secret deals. "
According to the Prime Minister, during the first financial crisis of the era of globalization requires that the financial system is based on the same principles as that of the family. "Instead of globalization, which eliminates the values and rules, we need a world based on shared values and rules," - he said.
Britain suffered from the global financial crisis more than other developed countries. The country's economy, largely based on the development of the financial sector declined in the fourth quarter to a half per cent, which was the record in its history. The British government was forced to hold the actual nationalization of some of the leading banks in the country, providing direct government guarantees for their possible losses.

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