Alistair Darling’s article* in the Guardian this morning is a perfect example of why Brown’s global focus will struggle to impress voters. The lingo of international finance settlements is just too dry and disconnected from the plight of the British public. Here are some yawn-inducing excerpts:
“For those most at risk, we need to increase financing through the IMF and multilateral banks, through swap-lines between central banks and an enhanced lending facility at the EU level.
On Saturday, the G20 finance ministers will meet here in the UK. This will be followed by the London summit on 2 April under the presidency of Gordon Brown. The G20 should agree on a substantial increase in the resources available to the IMF, enabling it to increase its lending to prevent the spread of the crisis from corporations to countries, and to provide liquidity support to those emerging markets facing a sudden stop or reversal in capital flows.
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