Germany is expressing its irritation with Canada for refusing to contribute to an international bailout fund as Prime Minister Stephen Harper faces increased pressure from the G20 to show “solidarity” with countries tackling Europe’s financial crisis.
Canada is on track to be one of the few G20 nations not offering a specific amount to the International Monetary Fund as it tries to raise at least $430-billion to draw on in case any members need a financial rescue.
But Mr. Harper isn’t budging as he carves out an agenda directly opposite to those of the high-debt governments of Europe. He chose Davos earlier this year to announce a long-term economic plan that includes raising the eligibility age for Old Age Security, partly to contrast Canada with the generous but unaffordable entitlement programs that are partly to blame for the trouble in Europe.
more
Harper
h/t sda
That's a shame. :lol:
Canada is on track to be one of the few G20 nations not offering a specific amount to the International Monetary Fund as it tries to raise at least $430-billion to draw on in case any members need a financial rescue.
But Mr. Harper isn’t budging as he carves out an agenda directly opposite to those of the high-debt governments of Europe. He chose Davos earlier this year to announce a long-term economic plan that includes raising the eligibility age for Old Age Security, partly to contrast Canada with the generous but unaffordable entitlement programs that are partly to blame for the trouble in Europe.
more
Harper
h/t sda
That's a shame. :lol: