Speaking at the start of the Progressive Governance conference of centre-left leaders and politicians, Mr Brown said that the old institutions established in the aftermath of World War II are now unable to cope.
"We now have to reshape our global rules and global institutions for this new era," he said.
"We are facing a global financial crisis which is probably the first truly global financial crisis of the modern world.
"We have to reform our global financial institutions. It is absolutely clear that the national supervision that we have is inadequate and we need a global agreement."
We should take a look & view the inherent flaws in the Global Debt based monetary system - what can be term as a " ribawi" system. . . more
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