UNITED NATIONS (AP) — British Prime Minister Gordon Brown called Friday for "a new global financial order" to resolve the financial crisis currently roiling world markets. In his address before the U.N. General Assembly, Brown said the world was facing the "first real financial crisis" of the global era and that it required an international solution. "The international institutions created in the aftermath of World War II have not kept pace with the changing global economy. We need national regulators to be cooperative, rules and principles to be consistent and international movements of capital to be transparent," Brown said. He said the immediate priority was to stabilize financial markets and then work to rebuild the world financial system around clear principles, including increased transparency, regulation, responsibility and global oversight of international capital flows.
- JJ Commentary: Spoken like a true
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