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London's recession message: 'Be of good cheer'

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London's recession message: 'Be of good cheer'


British Prime Minister Gordon Brown has been hosting a mini-summit on the world financial crisis with the current head of the EU Council, French President Nicolas Sarkozy and the European Commission president Jose Manuel Barroso. The guests had been invited to participate in the Global Europe conference in London involving leading business brains and economists. A full EU summit starts this Thursday.

Brown said: “A digital, low carbon, environmentally friendly Europe, highly skilled to face the challenge of the world, is something that I believe is the vision that we have got to put forward.”

All three men dismissed rumours of any differences of opinion with Germany’s Chancellor. She has come under pressure from EU partners to do more in
Europe’s biggest economy.

Sarkozy said: “We share the same analysis with Mrs. Merkel. I want to say there is no disagreement with her. What are the points of accord: first, Mrs. Merkel considers it a serious crisis, and second, she considers relaunch so important that she’s doing the same in Germany.”

Various stimulus promises have won the Commission’s backing. It has proposed a 200 billion euro EU anti-recession package. An official said the mini-summit was to “give coherence” to the various rescue plans and send a message of confidence.

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