°It’s like a fire
[…] PRIME MINISTER: I think when we look at the global economic crisis, it’s important to step it through. The first thing is to stop the house – it’s like a fire – it’s to stop the house from burning down.
How do you do that? What you do is you step in with temporary economic stimulus to lessen the impact on economies and jobs.
The second thing you do – stop the fire from spreading. That’s why it’s important for the G20 to act to prevent an outbreak of protectionism, because that will just make it worse.
But the third thing is to start rebuilding the house, and that’s why dealing with the damaged financial institutions – what’s called toxic assets on the balance sheets of the world’s biggest banks – is part of the rebuilding process. […]
