Tuesday, June 22, 2010

Why Not 'Pull a Canada' to Fix Europe's Debt Crisis?

http://seekingalpha.com/article/209031-why-not-pull-a-canada-to-fix-europe-s-debt-crisis

Canadian government spending was cut by 15% (considering inflation) from 1994 - 1996. The budget deficit achieved a surplus in just three years. Canada's crisis disappeared, and in retrospect, it was solved quite easily once tough austerity took place.

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