Thank you, Mr. Chair.
Thank you to the witnesses for being here and for their very interesting testimony.
My questions will be for Mr. Giroux or M. Behrend.
Before asking them, I'd like to remind everyone of the purpose of this study on fiscal federalism, which is an initiative of our NDP colleague Mr. Daniel Blaikie. He wanted to move forward on suggestions made by Seth Klein, which we received at our initial meeting in the fall, and whose basic idea was to incorporate green transitional measures into fiscal federalism.
For today's meeting, I would like to return to the underpinnings of the fiscal federalism concept.
Mr. Giroux or M. Behrend, I may be catching you off guard, but can you give us an explanation of what you believe fiscal federalism to be?