Canada is in the danger zone and as taxpayers sustain blows to their paycheques and portfolios and private-sector pensions, the governments in Canada (Alberta excepted) must tighten their belts and slash the pay and benefits of all of their public employees.
Diane Francis is the Editor-at-Large at the National Post, Senior Fellow at the Atlantic Council in Washington DC in the Eurasia Section, Adjunct Faculty at Singularity University in Mountain View California, a Distinguished Professor at Ryerson University Ted Rogers School of Management and a Director of Lake Shore Gold. She is one of the world’s leading business writers and keynote speakers on the trends and geopolitics that transform companies, individuals, governments and societies around the world. <br> <br> Diane has written nine books on white collar crime, politics, immigration, economics, geopolitics and finance, including the bestseller, Who Owns Canada Now: Old Money, New Money and the Future of Canadian Business. Diane is a regular guest on Canadian and U.S. news television and radio and was a columnist for Maclean’s Magazine, New York Sun, the Financial Post and Toronto Sun Newspapers. She was a Visiting Fellow at Harvard University’s Joan Shorenstein Center on the Press, Politics and Public Policy and has been a Media Fellow for the World Economic Forum for 20 years. <br> <br> Diane divides her time between Toronto and New York City. <br> <br> Learn more about Diane at <a href="http://dianefrancis.com" rel="nofollow">dianefrancis.com</a>
The pas de deux, performed for weeks by Nicolas Sarkozy and Angela Merkel, is slowly easing eurozone members into becoming the United States of Europe. Frankly as political theater, it's enormously well-executed and deserves a Broadway Tony.
12/06/2011 09:56 EST
There already are two currencies: the "Lutheran Euro," characterized by countries that are based on Protestant work ethic, discipline and thrift. Then there is the "Latin Euro," where style is often more important than substance. The euro crisis is this: The "Lutherans" are balking at bailing out the "Latins."
11/29/2011 09:08 EST
The party that calls itself Europe is over. The sovereign debt crisis afflicting its weakest members has ended the eurozone's political Ponzi scheme -- the proclivity to hand out entitlements today and run up a tab due tomorrow.
11/21/2011 03:43 EST
Obama's decision to postpone Canada's Keystone pipeline strands the oil sands indefinitely and shuts it out of the U.S. market for years, if not forever. It's being billed as a temporary setback, but it's a major and devastating development.
11/16/2011 09:10 EST
The evidence of anti-governance is there: Greek people have staged debilitating strikes, violent rampages and tax revolts. Greece, for its part, will be well-advised to simply leave and let the IMF help it pick up the pieces.
11/09/2011 09:09 EST
America's political gridlock is harming U.S. living standards and job creation that indirectly hurts Canada because of the close economic partnership. More specifically, the Banana mentality is threatening Canada's critically important oil sands and the building of the proposed Keystone XL Pipeline.
11/08/2011 10:33 EST
Gaddafi wasn't even buried when pundits began speculating as to whether the tribes of Libya would be able to pull together to prosper. The answer was obvious. Of course they will have huge difficulties getting along. After all, Europe's "tribes" were still quibbling over how to handle their impecunious tribes such as the Greeks.
10/27/2011 09:24 EDT
There is a concern about a link between substance abuse and fluctuations on the Borsa Italiana, but what is even more worrisome is the fact that stock markets themselves are behaving like addicts. They are unbelievably volatile and fluctuate in a matter of seconds and minutes almost daily.
10/21/2011 02:14 EDT
"Indignados" (the indignants) occupy city squares in Spain on a permanent basis, and now the Wall Street protests have taken root and will only grow in size and intensity. These protests, while poorly organized and rag-tag, will become the migraine of politics, not fatal but nagging and potentially dangerous.
10/13/2011 11:29 EDT
Getting involved in opposition against the oil sands is simply a dirty trick against a competitor. But it's also more. The oil sands can supply the world with lots more oil, thus keeping prices lower than otherwise.
09/28/2011 12:00 EDT
One popular Tea Party spokesman is Joe Walsh of Chicago, who is a deadbeat dad according to a lawsuit filed by his ex-wife
08/01/2011 02:39 EDT
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