標題: Massive bailout holds off European debt crisis [打印本頁] 作者: tiffiant 時間: 2011-9-27 06:50 標題: Massive bailout holds off European debt crisis
Massive bailout holds off European debt crisis
Will Canada's deficit-fighting plan work?
Mike Lloyd Sep 27, 2011 06:37:36 AM
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OTTAWA (NEWS1130) - Something positive for global investors to hold onto, a massive bail-out for Greece has held off the European debt crisis. Ottawa's finances are also under scrutiny, as the budget watchdog goes over Canada's federal deficit-fighting plans.
Greece was given $10 billion Euros. The country only had enough money to operate for another three weeks.
Greek Prime Minister George Papandreou is asking Europe to unite and show it has a grip on the debt crisis. "This is not an investment in past failures. This is an investment in future successes."
He also acknowledged the reluctance of taxpayers and fellow nations to his country out of its crisis. "The euro zone must now take bold steps toward fiscal integration to stabilize the monetary union. Let's not let allow those who are betting against the Euro to succeed," he said.
With a slower than expected global economy as the backdrop Ottawa's independent budget watchdog Kevin Page has released his report on the federal deficit fighting plan, which calls for $4 billion in annual savings and a balanced budget by 2014. But some are now questioning if both of those things can even be accomplished.作者: tiffiant 時間: 2011-9-27 06:50
