United Kingdom Prime Minister Brown to face the challenges of financial protectionism _panview

Abstract: on the one hand, criticized the protectionist policies, emphasizes international cooperation, on the one hand, and by reducing foreign loans to increase lending to domestic, United Kingdom Prime Minister Brown into a contradiction in terms. United Kingdom bank has drastically reduced to foreign borrowers loans, official figures show that in the United Kingdom Prime Minister Brown warned not to fall into the financial protectionism, also highlighted his own challenges. In Friday's Davos World Economic Forum, United Kingdom Prime Minister insisted on "the absolute necessity of international cooperation to ensure that funds and" Bank lending flows to emerging markets. He accepted copyright the interview, "if we do not do so, it will be deleveraging (deleveraging, lifting lever financing operations), this is the equivalent to globalization (deglobalisation), related capacity loss limits the growth of the world economy. But his words for international readers, and he recently faced with the Royal Bank of Scotland has been part of the nationalisation of the bad loans abroad when in conflict with the stunt. United Kingdom Ministry of Finance has always insisted that the Royal Bank of Scotland and the United Kingdom family oriented business loans increased 60 million, as the 50 million pound sterling preference shares are converted to ordinary shares in return. Friday, the Bank of England, the United Kingdom by the financial institutions are responding to Government pressure, through a significant reduction to the non-resident population of foreign currency loans, maintaining to United Kingdom company and home loans. In the fourth quarter of last year the reduction of foreign currency loans than since 1990 record at any time. EBF that were shared by statistical officer David Dukes (David Dooks) are representing, United Kingdom bank comes from Government pressure, loans shall give priority to the United Kingdom the borrower, not foreign borrowers. Dukes said that "the Government of each speech is [encourage] support United Kingdom Corporation, the natural result of doing this is that ... United Kingdom will be primarily in the United Kingdom ". Morgan JPMorgan Economist Malcolm barres (Malcolm Barr) said: "when you start to watch United Kingdom Bank, you will realize that United Kingdom Bank do most of the work is not in the United Kingdom. United Kingdom bank present situation of this fact, mainly they have been doing business outside the United Kingdom. " United Kingdom United Kingdom bank loans to non-financial companies still have to withstand great pressure. In the fourth quarter of last year and the amount of outstanding loans dropped 30 million pounds �C since 1997 record loans net of the largest decline. Citigroup economist Michael Saunders (MichaelSaunders) that "If the Bank deleveraging continue pressing this speed, the economic impact will be extremely serious." Pan fat service compiled from Davos 2009 depth report Brown faces protectionismchallenge 2009-01-30. Related reading: 1. the financial turmoil of the eggs: "deleveraging" what .2008-10-13.12 views��690 http://news.xinhuanet.com/fortune/2008-10/13/content_10186556.htm2. United Kingdom Chancellor Brown criticism of EU trade protectionist policies http://finance.sina.com.cn/j/20050913/00541962180.shtml