Carney, Harper worried by Greek debt crisis

[CHIMO]

OTTAWA—The Bank of Canada and Prime Minister Stephen Harper are warning that national debt problems like those battering Greece are a threat to economic rebound in Canada and around the globe.

“The debt situation is one of the largest, arguably the largest, risk to securing the global recovery,” Mark Carney, the central bank governor, told a Senate committee.

“The net result of this would be negative for growth in Canada.”

The risk that Greece’s debt emergency could spread has raised the possibility of a renewed economic crisis dominating the G20 and G8 leaders’ summits that Harper is hosting in Ontario in June.

http://www.thestar.com/business/article/802222--carney-harper-worried-by-greek-debt-crisis

Seems like it comes from the same hymn-book. I would wager that it is Harper's book.

[ZeitgeistObserver]

1. Carney would say this, but he likely had to draw

Harper a map of where Greece is.

Harp is the man who never saw the recession coming, even after it hit.

Railing against debt...that's rich coming from Harper!

He spent most of his time 'dismissing' the G20, because he personally doesn't like it. Thankfully it won't go away just because of Harp's whining.

[HitEleven]

2. Win-win for Harper

<i>The risk that Greece’s debt emergency could spread has raised the possibility of a renewed economic crisis dominating the G20 and G8 leaders’ summits that Harper is hosting in Ontario in June.</i>

Harper would probably welcome that, since his desire to get more women to vote for him by making the summit about "women's issues" has so thoroughly blown up in his face.