Home » Tories, NDP use situation in Greece to spar over economic credentials

Tories, NDP use situation in Greece to spar over economic credentials

by Marjorie

Economists say the menace to Canada’s financial system from the state of affairs in Greece is minimal as a result of many European banks have unloaded their Greek debt

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OTTAWA — The governing Conservatives say questions surrounding Greece’s future within the Eurozone after that nation rejected the phrases of a bailout settlement are purpose to re-elect the Tories within the fall vote.

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In an announcement launched Monday, a spokesman for Prime Minister Stephen Harper highlighted three-year-old feedback from NDP Chief Tom Mulcair about his perception the federal government ought to have given cash to a worldwide fund to prop up faltering European banks.

The assertion additionally questioned Liberal assist for a similar plan put ahead by the Worldwide Financial Fund and G20 nations, which the Conservatives in the end turned down.

The NDP put out an announcement as properly Monday afternoon, questioning the Conservative report on the financial system, highlighting that Canada’s GDP has shrunk for 4 consecutive months.

Economists say the menace to Canada’s financial system from the state of affairs in Greece is minimal as a result of many European banks have unloaded their Greek debt.

In a analysis be aware to shoppers, BMO economists say the European Central Financial institution has sufficient firepower to make sure there is no such thing as a “significant contagion” from the issues in Greece.

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