Western economies need to show more leadership or risk a decade of economic stagnation, former chancellor Alistair Darling has warned in an interview with Civil Service World.
He said: “We’re never going to get out of the mess that we’re in unless there’s some international solidarity… but at the moment, there’s not much sign of it, there’s none of the leadership that you need.”
Darling added that “the economic conditions are far, far worse than they were three years ago. Okay, [in 2008] the economy was crashing, but there was a reasonable expectation that by acting together, we were going to come out of it; whereas now, we could be like this for five, maybe 10 years, and that’s a very bad place to be – unless there’s a change of direction.”
Click here for the full interview
Last updated 218 days ago by Civil Service World
