RSS Feed
September 23rd, 2011 
FAKE NEWS for the Zionist agenda - Video
- Image
Kevin Rudd has told the UN that world leaders must act to rebuild sustainable economic growth.
Foreign Minister Kevin Rudd addresses the 66th session of the United Nations General Assembly. (AP Photo/Jason DeCrow)
Source: AP
FOREIGN Minister Kevin Rudd has told the United Nations world leaders need to look beyond the next election cycle and take the measures necessary to rebuild sustainable economic growth.
As the Australian stock market slumped after a brutal overnight sell-off on Wall Street, Mr Rudd also talked up the importance of the Asia-Pacific region as the new engine room of global prosperity.
In a speech to the UN General Assembly in New York, he said the “global institutional order” was under threat.
“Unless together we can craft a path to sustainable global growth, and unless we avoid rolling economic crises and the continuing spectre of global recession, we will cut from underneath us the economic foundations of all that we seek to achieve through the global institutional order,” he said.
Mr Rudd pointed to an International Monetary Fund (IMF) outlook released earlier this week that said the world economy was entering a “dangerous new phase”, in the aftermath of the 2008/2009 global financial crisis (GFC).
Start of sidebar. Skip to end of sidebar.
End of sidebar. Return to start of sidebar.
He called for the implementation of measures under the Basel II recommendations to protect global taxpayers from having to bail out irresponsible financial institutions.
He also said leaders must support free trade and resist an “outbreak of protectionism” while the major economic powers repair their budget balance sheets and backed a greater contribution by China.
“What is, therefore, required is global and national political leadership capable of looking beyond the next electoral cycle,” Mr Rudd said.
“To look to the long term over the short term.”
Posted in 
Tags: 
