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Canada continues modest growth
OTTAWA ` Canada has so far skirted much of the impact of the global economic storm, but the world`s biggest lending body is warning few countries will feel safe until Europe deals with its financial crisis ` and quickly.
`Simply put, the euro periphery countries have to succeed,` Olivier Blanchard, the International Monetary Fund`s chief economist, said Monday.
While progress was made at last month`s Europe summit to ease the `adverse links between sovereigns and banks and create a banking union,` the IMF said in a report that `timely implementation of these measures, together with further progress on banking and fiscal unions, must be a priority.`
Read the full article here.
OTTAWA ` Canada has so far skirted much of the impact of the global economic storm, but the world`s biggest lending body is warning few countries will feel safe until Europe deals with its financial crisis ` and quickly.
`Simply put, the euro periphery countries have to succeed,` Olivier Blanchard, the International Monetary Fund`s chief economist, said Monday.
While progress was made at last month`s Europe summit to ease the `adverse links between sovereigns and banks and create a banking union,` the IMF said in a report that `timely implementation of these measures, together with further progress on banking and fiscal unions, must be a priority.`
Read the full article here.