Former British Prime Minister Gordon Brown warned that the global economy risks another financial crisis while speaking an interview with The Guardian.
Key Quotes (via Reuters):
“We are in danger of sleepwalking into a future crisis,” Brown told The Guardian. “There is going to have to be a severe awakening to the escalation of risks, but we are in a leaderless world.”
“We have dealt with the small things but not the big things.”
“The penalties for wrong-doing have not been increased sufficiently.”
“The fear that bankers will be imprisoned for bad behavior is not there. There has not been a strong enough message sent out that government won’t rescue institutions that haven’t put their houses in order.”
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