Europe in limbo
Germany balks, Greece teeters while Canada offers answers
Limbo does exist because Greece
is stuck in it. The Greek economy is shrinking for the fifth year in a
row, and no savior is in sight to pull it out. Unless Athens pursues
serious internal reform, the country won’t be able to stay in the
eurozone or renew economic growth.
German Chancellor Angela Merkel is pushing for another bailout, but 54 percent of the German electorate is against throwing more money into Greece or taking on debt to provide more bailouts. She is likely to find an equally cool reception this week in Canada, where Conservative Prime Minister Stephen Harper and Finance Minister Jim Flaherty refuse to contribute to further handouts engineered by the International Monetary Fund.
German Chancellor Angela Merkel is pushing for another bailout, but 54 percent of the German electorate is against throwing more money into Greece or taking on debt to provide more bailouts. She is likely to find an equally cool reception this week in Canada, where Conservative Prime Minister Stephen Harper and Finance Minister Jim Flaherty refuse to contribute to further handouts engineered by the International Monetary Fund.
