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Compared to Canada, Europe has it easy
Wednesday, December 14th, 2011
Dec 14, 2011
As a consequence to its earlier sacrifices, Canada is today part of a dying breed of AAA rated markets… Against the myth that this was easier for Canada to achieve during different times, what’s amazing about the Canadian experience is that it was achieved during at least as trying if not more troublesome times after taking account of the full global and domestic picture at the time. The country therefore offers an important lesson to nations like the United States and large parts of Europe that are delaying fiscal repair, and punting the problem down the road toward a more ruinous crisis later.
Tags: budget, economy, globalization, standard of living, tax
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