'Prime Minister Stephen Harper is chastising his international peers on the eve of key meetings of the G20, blaming the risk of a full-blown global recession on their failure to contain a growing debt crisis. Clearly aiming to inject a heightened sense of urgency to talks that begin this week in Paris, Mr. Harper says there is still time to avert a recession if leaders act now. Writing in todays Globe and Mail, Mr. Harper touts Canadas fiscal record and insists the G20 agreement reached last year in Toronto under his chairmanship remains the best way forward. The pitch comes as Ottawa is actively promoting Bank of Canada Governor Mark Carney as the next head of the Financial Stability Board, the international body responsible for global banking rules. We cannot afford any more missed opportunities, Mr. Harper writes, warning that further delay will only increase the public cost of solving the problem. He says that unless decisive action is urgently taken, our nations will once again be forced to respond to a full-blown global recession, albeit this time without the full arsenal of policy weapons at our disposal.' http://www.theglobeandmail.com/news...for-g20-action-on-debt-crisis/article2199431/
I wonder how many political leaders and 'economists' have to be beaten over the head before they realize what is so obvious that even the Prime Minister of Canada sees it... ...the west's economic fundamentals suck and a recession is probably on the way...so you better get ready for it.
