Canada
column for Sunday, June 17/12
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THE CANADIAN REPORT
(c) By
Jim Fox
European countries need to adopt the “Canadian approach” in dealing with
looming political and economic turmoil, Prime Minister Stephen Harper says.
That’s
the message Harper is taking to world leaders at the G20 economic summit in Los
Cabos, Mexico on Monday and Tuesday.
Should Greek voters reject tough austerity measures set out in a
financial rescue plan in a government election on Sunday, the stage could be
set for the country’s exit from the bloc of nations using the euro currency.
Canada’s message is that “economic growth and fiscal discipline are not
mutually exclusive, they go hand in hand,” Harper said.
The government is suggesting Canadians didn’t experience a financial,
banking or a real estate meltdown as in other countries due to its “strong
record” of fiscal discipline.
That allowed Canada to “quickly put in place extensive, effective
stimulus measures when they counted the most,” Harper said.
“We
had budget surpluses and a low and falling debt burden when the crisis hit,” he
said, adding: “It is one reason we have weathered the economic crisis so much
better than many others.”