Clegg: we need global response to global crisis

The Lib Dem leader was speaking to BBC Radio 4’s Today Programme this morning amidst the news of continuing market turmoil. You can hear the interview in full here. And PoliticsHome has a brief transcript here:

The short-term need is for the G7 to show they can work together on the international level, we need global interest rates cuts – and the international leaders must develop a global programme to prevent this from happening again.

“We have to realise we are not talking about a one off adjustment about the way bonuses are being paid – we are entering a new era of a relationship between the public and the banks.

“We need to remove short-term bonus incentives all together – which distort their judgments – because they are the ones that set the agenda for the banks.”

Read more by .
This entry was posted in News.
Advert

2 Comments

  • Clegg's Candid Friend 10th Oct '08 - 1:24pm

    “.. we need global interest rates cuts”

    The trouble is we’ve just had one, and it doesn’t seem to have achieved anything. Interbank lending rates have actually risen.

  • Clegg's Candid Friend 10th Oct '08 - 7:58pm

    Apparently Nick Clegg has now called for the government to remove “senior banking executives” who have been involved in excessive risk taking.

    Can anyone fill in any more detail on this? How does he want the government to do it?

Post a Comment

Lib Dem Voice welcomes comments from everyone but we ask you to be polite, to be on topic and to be who you say you are. You can read our comments policy in full here. Please respect it and all readers of the site.

If you are a member of the party, you can have the Lib Dem Logo appear next to your comments to show this. You must be registered for our forum and can then login on this public site with the same username and password.

To have your photo next to your comment please signup your email address with Gravatar.

Your email is never published. Required fields are marked *

*
*
Please complete the name of this site, Liberal Democrat ...?

Advert



Recent Comments

  • David Evershed
    HS2 is the hot topic in Chesham and Amersham. The environmental destruction that HS2 and East West Rail construction is causing is very apparent in Buckinghams...
  • Peter Martin
    @ David Raw, On a point of information: The word "you" in the English language isn't necessarily singular. It can be plural. It would possibly be better,...
  • Little Jackie Paper
    Peter Martin - 'It’s a great pity that the Euroscepticism of the Labour Party largely passed away with Tony Benn.' Well...it's not been remarked on much bu...
  • David Raw
    @ Peter Martin The Greens are no threat to me, Peter. You assume too much. I appreciate their contribution at Holyrood which is not insignificant....
  • Peter Martin
    @ David Raw, I don't have a problem with environmental radicalism but I do trying to understand why anyone on the left thinks it's radical to support a euro-...