BERLIN - The countries worst hit by the European financial crisis are also perceived as being among the most corrupt in the European Union, and those perceptions appear to be getting increasingly nega...
Let's face it, either we have had resentment or a hint of jealousy toward southern Europeans for their relaxed lifestyle. To no surprise then, many Canadians have holier-than-thou attitudes about the euro crisis. Then, Elsa Fornero reminded me of what the euro crisis is really about: people.
While last week ended on a positive note in terms of Europe's handling of its fiscal crisis, Canadians need to focus their concern on the so-called indirect effects from Europe's woes. The reality is that Europe has a very small footprint when it comes to Canadian trade abroad.
It's the member states paying in that lose, both by the creation of another huge bureaucracy inside the Union not all have agreed to, and in the knowledge that the Union can effectively now tax them directly, redistribute the money the way finance ministers alone see fit, and call it a bailout.
OTTAWA - Bank of Canada Governor Mark Carney is making no apologies for speaking out forcefully against European inaction as divisions bubbled to the surface on the eve of an emergency meeting on the...