Canada's fiscal situation enjoys a major advantage over that of other G7 countries. Germany and Canada are the only ones with an AAA credit rating, and we must protect that. It's an advantage for Canada in that it lowers long-term interest rates for governments, businesses and households. It also encourages investment, and that's good for our potential GDP growth rate.
Some countries elsewhere in the world clearly face bigger problems. Sovereign debt attracts a certain degree of international risk.