I appreciate that. Hopefully it will reassure those who have concerns.
On the IMF reforms, as you heard recently, our finance minister was in Washington for G-20 meetings and talked a great deal about the IMF's response to the European debt crisis. Specifically, our minister questioned the troika system that is being applied by the IMF in Europe, whereby the agency jointly monitors aid to European countries with the European Union and the European Central Bank.
As Minister Flaherty noted—and I'm going to quote him—“That's not the traditional way the IMF operates. Traditionally, the IMF would direct what needed to be done.”
Could you explore more fully the concerns raised by Canada and explain why the IMF should perhaps re-examine its quest to find sustainable solutions in this crisis?