Looking through the key headlines of last week, the biggest headline of the week had to be the one from the Daily Telegraph:
That’s about the size of the bailout budget generated by the actions of Gordon
Brown and other world leaders over the past week.
In the UK, that bill of
£500,000,000,000 ($850 billion or €600billion) is equivalent to an increase of 11
pence per £ in Income Tax for each citizen of Britain.
And so Gordon Brown became a hero to the world.
Not only did he
promote the idea of a new Bretton Woods Agreement, which has
been taken up by George Bush and Nicolas Sarkozy over the weekend, but he was invited to the EU’s inner sanctum meeting,
a meeting to which he was previously shunned.
He was hailed by José-Manuel Barroso, the European Commission
President, at this meeting who said: "I want to pay a very sincere tribute to Mr
Brown” who provided the “impetus for action”.
And he meant it!
Usually, he would say something more like, “fancy a holiday in Iceland?”