No Canadian money for eurozone bailout fund: Harper (16)

CANNES, France — Prime Minister Stephen Harper said Friday that Europe must sort out its own economic mess — and flatly stated that Canada will not provide any funds to bail out the continent.

Harper delivered his message during a news conference at the close of a two-day G20 Summit, during which the leaders of the world’s most powerful economies focused on the continuing economic troubles of one region — Europe.

Harper’s statement was echoed by other world leaders, who expressed support for the Europeans’ efforts to develop a plan that will pull their nations out of the debt crisis that has threatened to become a global contagion.

“Let me be clear,” said Harper. “Moving the European plan forward remains critical to restoring confidence and growth in the global economy.”

The G20 leaders committed to bolstering the International Monetary Fund (IMF) to backstop nations in future crises, but stopped short of actually announcing funds to assist Europe in the current crisis.

“I think leaders here at the G20 are sending a message that we will do whatever is necessary in the event of a global crisis to provide stability to global markets,” said Harper.

Still, the prime minister became animated and categorical when asked if Canadian taxpayers would be required to contribute to a bailout fund for Europe.


See Also:

Greek PM survives confidence vote

Sarkozy insult to ‘island’ Britain

Euro crisis risks UK double dip, warns PM as global leaders break up amid acrimony and indecision

‘We want a vote’: Tory revolt as Cameron pledges to increase Britain’s contribution to the IMF

Afternoon Updates:

12:19 pm EDT, November 5th, 2011 — Moore: The European Union’s journey towards ever-closer union has screeched to a halt

12:21 pm EDT, November 5th, 2011 — Editorial: The eurozone should solve its own problems

12:25 pm EDT, November 5th, 2011 — Babab: Greece’s dilemma – A loss of sovereignty or penury?

12:27 pm EDT, November 5th, 2011 — Italy government hangs by thread as coalition crumbles

12:28 pm EDT, November 5th, 2011 — Francis: Italy’s white flag the perfect solution to crisis

12:29 pm EDT, November 5th, 2011 — Heffer: When will the Empress of Europe and her French poodle ever learn?

12:30 pm EDT, November 5th, 2011 — Berlusconi clings on as party rebels plot downfall

12:34 pm EDT, November 5th, 2011 — House of Commons will be denied a vote on IMF pledge


Keep your eye on this story.  There’s talk of labour and conservative MP’s combining their vote to defeat Cameron’s coalition government and this could be the issue which will decide the matter.  Will the government fall?  I don’t know but I do wonder how it has survived as long as it has.  I suspect I’m far from alone.

12:43 pm EDT, November 5th, 2011 — Berlusconi burlesque

12:51 pm EDT, November 5th, 2011 — Hyde: A crisis summit? For Silvio Berlusconi, it’s a big wonga-wonga party

2:09 pm EDT, November 5th, 2011 — Greece faces deadlock over unity government

2:47 pm EDT, November 5th, 2011 — Opinion: No vote of confidence for the EU

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  • beentheredonethat

    Thankyou PMSH……again.