Photo Gallery Brown's Gamble
Former British Prime Minister Gordon Brown says his swift move to recapitalize British banks in October 2008 was a "gamble" that worked. He thinks most people still underestimate the gravity of the financial crisis at that time.
Former British Prime Minister and current Labour MP Gordon Brown pictured in his offices in East London earlier this month. He is the author of a new book, "Beyond the Crash: Overcoming the First Crisis of Globalization."
Foto: Christopher Furlong/ Getty Images
In an interview with SPIEGEL, Brown suggests that Germany, France, Britain and the United States could form an agreement on a global banking levy.
Foto: A2800 epa White House Souza HO/ dpa
In his book "Beyond the Crash," Brown writes that following the failure of Lehman Brothers in the fall 2008, he "sensed that if no one acted, total collapse was imminent."
Foto: BEN STANSALL/ AFP
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