Tag Archives | Greek crisis

Jim Flaherty: If Greeks Reject Austerity, Will Result In Euro Zone Restructuring

A “disorderly” restructuring of the euro zone could unfold should Greek voters reject the austerity measures their government agreed to in return for financial aid, Canadian Finance Minister Jim Flaherty said Monday. In a series of interviews with Canadian broadcasters in the late afternoon, Flaherty said there are also “serious” problems in Spain, with the [...]

Canadian PM Heads for G20 Summit Dominated by Greek Crisis

Prime Minister Stephen Harper will board an aircraft bound for Cannes, France and a critical meeting of G20 leaders. The primary issue at the upcoming meetings will be the financial turmoil in Greece and its tentative plan to hold a referendum on a European bailout. Finance Minister Jim Flaherty warned on Tuesday that the Greek [...]