A core element of risk right now is uncertainty. Uncertainty about the trajectory of the virus.

Uncertainty about economic and financial impact.

Hello and welcome to a special coronavirus edition of the G0 World podcast. Here you'll find

extended versions of the interviews from my show on public television.

I'm Ian Bremmer, and today is a groundbreaking moment. In all the decades I've been examining

global risk, this pandemic could be the most troubling near-term scenario I've ever seen.

And I'll get into it with former Australian Prime Minister Kevin Rudd, who's got his own thoughts on the matter.

Let's get right to it.

Founding President of Age Society Policy Institute and former Prime Minister of Australia, Kevin Rudd.

Good to be with you, Kevin.

Good to be with you, Professor Bremer.

Yes, indeed.

So I'm going to start with your recent tweet.

If I were in office today, question mark, I'd pick up the phone to Washington and seek

a meeting of G20 leaders, health ministers and finance ministers.

Markets need to see the world's 20 biggest economies

are acting together in solidarity and will use stimulus as needed to overcome coronavirus.

Not happening. It isn't. For me, it's one of the most puzzling things. You see, markets

are in the business of pricing risk and opportunity, but right now they're pricing risk.

And a core element of risk right now is uncertainty, uncertainty about the trajectory of the virus,

uncertainty about economic and financial impact. So my experience from the events of 089 is that markets were in freefall

from the time we got the layman's collapse until March of 2009 when we convened a G20 level,

...