Jim Flaherty said today that he would spend to defend Canada from another recession. Under questioning from opposition MPs, Flaherty said for the first time that the Conservative government would move in with another round of stimulus spending if the world economy suffers a double-dip recession. “We would obviously do what is needed” if there [...]
Greece
Bill Clinton makes the case for bailing out Greece
He compares it to the Mexican financial crisis in 1995 The year 2010 is the 15th anniversary of the Mexican peso crisis — the financial crisis in Mexico. And Bob Rubin said, you know, Mexico’s got two hours to live and if we don’t give them a loan guarantee, they’re going to go belly-up tomorrow. [...]
