I had some diplomatic training before I joined Carleton, and I was trained not to roar but to work quietly.
Quietly, yes, I think we have a very good story to tell. When it comes to our banking and other regulatory things, I think there is a broad consensus that what we have done is about right. When we begin the process, and I don't think we have started it yet, of looking at what kind of international cooperation is required to deal with the financial crisis—with the banking issues and so on—I think we have a very good story to tell, and we should not be shy about telling that story. It doesn't mean there aren't some areas for improvement even in Canada, but I think we can build on this.
But I think it's important to not jump to too many conclusions. You read in the paper now, “Let's redo the Bretton Woods institutions.” People forget that the Bretton Woods institutions, when they were negotiated in the 1940s, reflected 20 years of quiet work, first in the League of Nations and then outside of that process by a group of allies who had worked together to defeat the axis powers. They didn't just spring up quickly; they were the result of a lot of quiet diplomacy over the years. I think if I were the Canadian government, and particularly the Department of Finance, that's where I would begin: with some quiet diplomacy on the strength of our institutions.