Euro will not survive in present form, Gordon Brown says

Ex-British PM says looming euro crisis is worse than Lehman Brothers disaster three years ago
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Former British Prime Minister Gordon Brown addresses the audience during the opening session of the World Economic Forum in Abu Dhabi, October 10, 2011 (AFP/Getty Images)
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UAE's minister of Foreign Affairs Sheikh Abdullah Bin Zayed Al Nahyan addresses the audience during the opening session of the World Economic Forum in Abu Dhabi, October 10, 2011 (AFP/Getty Images)
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Sheikh Mohammed Bin Rashid Al Maktoum (C) governor of Dubai, sits along side Nika Gilauri (2nd R) the prime minister of Georgia and other UAE officials (AFP/Getty Images)
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The Euro would have to be reformed and Europe’s banking system recapitalised, former British prime minister Gordon Brown said, according to Irish Times
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The two-day Summit, at the Yas Marina Circuit, is jointly hosted by the UAE Federal Government and the Government of the Emirate of Abu Dhabi, in conjunction with the World Economic Forum (AFP/Getty Images)
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According to Irish Times, Brown said 'the euro in its present form will not survive but will have to be reformed' (AFP/Getty Images)
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Bringing together more than 800 of the best and brightest minds from across the globe, the Summit is often referred to as the world's largest brain-storming exercise (AFP/Getty Images)