In other ages, we have called on shamans or saints in times of crisis when the usual remedies have not worked.
Warning — unashamedly patriotic Canadian content to follow!!! If you are a member of the “Blame Canada” constituency, or if you share Michael Kinsley’s view that the world’s most boring headline is “Worthwhile Canadian Initiative,” then please read no further ….
Canadian Finance Minister Jim Flaherty stopped by the Reuters studio this morning to chat with Chrystia about the impact of Europe’s debt crisis on Canada. He said the situation in Europe “poses a danger” and that if it gets out of control, the crisis could lead to a repeat of what happened to the financial markets in 2008. He urged the Europeans to follow the course America took in 2008 and substantially increase the amount of capital in the stabilization fund: