You said in your statement that austerity measures in Europe would dampen growth in Europe. Would your assumption be that austerity measures or government cuts in Canada would have a similar effect?
Second, you also advocated heavy investments to strengthen productivity. Would you suggest that in the event of an economic downturn in Europe and the U.S., we should increase emphasis on those kinds of investments to strengthen productivity?
Finally, what kinds of investments are you specifically advocating to strengthen productivity?