Flaherty tells Europeans to keep their promises

[CHIMO]

Finance Minister Jim Flaherty says he expects European leaders to stick to the commitments they made at a meeting of G20 finance ministers in Washington, D.C., Friday.

Flaherty pointed Friday evening to the group's Thursday communique, which said there is "flexibility" in the European Financial Stability Facility, the fund set aside to inject cash into banks in the region in the event of a financial crisis. The fund has been set aside to inject cash into banks in the region in the event of a financial crisis, and Flaherty said it must be large enough to overwhelm any financial threat to banks.

He said Friday morning that it was insufficient to deal with the size of the financial crisis, which is "very serious" in Europe.

"It is clear that there is a need for further action to restore confidence and stem contagion," Flaherty said.

http://www.cbc.ca/news/business/story/2011/09/23/flaherty-efsf-europe-banks.html

Britain's Cameron joins Harper to warn of debt crisis

http://www.cbc.ca/news/politics/story/2011/09/22/pol-cameron-house.html

Salutin: Canada says ‘ready aye ready’ at the UN

http://www.thestar.com/opinion/editorialopinion/article/1058310--salutin-canada-says-ready-aye-ready-at-the-un

[Vincardog]

1. Are the Banksters too big to fail everywhere independent of their crimes?

[provis99]

2. Europe to Flaherty: Piss off, twit.

that idiot Flaherty wanted to deregulate Canadian banks before the mortgage crisis and bank bailouts in America stopped his plans.