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 [...]
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Canada Says Greece Could Lead to Global Banking Crisis
Canada’s Minister of Finance, Jim Flaherty stated on Wednesday that the eruption of global banking crisis is very possible, unless Europe properly deals with Greece’s debt problems. Jim Flaherty also said that Ministers of Finance of the 20 largest industrial and emerging countries (G20) will focus on Creece’s crisis during their meeting in Washington on [...]
