"Just as Harper backed Bush's effort to block global progress on climate change, this time he helped Bush stymie European-led efforts at the G20 summit in Washington to restore regulations to international financial markets."...
"Harper's resistance to European calls for tighter regulations is ironic, since he has the luxury of presiding over a country that's been spared the worst of the financial meltdown, largely because of the Canadian tradition of tighter domestic financial regulations.
This has allowed Harper to ride out the current financial storm politically unscathed, even gaining re-election in the middle of it.
In fact, although Harper's record on this has received little attention, his government had started to push Canada down the dangerous road toward looser financial regulation."...
"One can draw solace perhaps from the realization that Canada doesn't shape the course of world events. Still, it's disappointing to realize that we're using what little influence we have at organizations like the G20 to help the exiting Bush administration do this last bit of disservice to the world."Recommend this Post
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