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Back from the Brink (3/3)


This is also part of this series: Love of Money, The (3)

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Subjects: Anthropology, Business Studies, Economics, Finance, History, International Trade

Grade Level: SrH-Adult
Producer:
Closed Captioned: No		 Running Time: 50 mins
Country of Origin: Great Britain
Study Guide: No, see link below.
Copyright Date: 2009
Available in French: No

This tells the story of how close the world came to the brink of a total economic collapse last autumn. For the first time the key players tell how they battled to prevent a new great depression – and looks at what this has cost the world. Even today, few realise how close we all came to a truly catastrophic collapse of the very foundation of the modern world.

The story is told by the people who took the decisions: Gordon Brown, Brazil’s President Lula, finance ministers including the United States’ Tim Geithner, Alistair Darling, Germany’s Peer Steinbruck, France’s Christine Lagarde, and Brian Lenihan from Ireland. Central bankers including Mervyn King and, or the first time, the behind-the-scenes officials tell the ups and downs of a month in which they held the fate of the world in their hands.

How close did the world come to collapse? This is what Downing Street adviser Baroness Shriti Vadera says: “It does make my blood run cold to think of how close the whole global system was to collapse.”

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