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WASHINGTON (Reuters) - The United States should seize the moment and lead the world out of recession but other countries need to play their part too, British Prime Minister Gordon Brown told U.S lawmakers on Wednesday.
RAISING capital requirements for banks in the midst of the financial crisis would make matters worse and banking authorities oppose the idea, European Central Bank (ECB) president Jean-Claude Trichet said on Thursday.
Britain said Monday it would issue a second bailout for banks, including a plan to insure them against losses, in hopes of boosting lending levels.