Very much so. The member referred to the work of the International Monetary Fund and a lot of what the International Monetary Fund has been publishing recently on the fiscal side is advice to all countries to reduce deficits, reduce debt and batten down the hatches and prepare themselves to make some tough decisions.
It certainly isn't exclusively advice to Canada but all applies to all other countries. As I mentioned last week, there are some countries, for example, looking at France and looking at the U.K., where their financial markets are certainly rockier than ours right now, certainly in terms of debt issuance. Relatively speaking, we're in a more favourable position. At the same time, that doesn't obviate the fact that the path that we're on right now isn't sustainable. We might have more time than those other countries, but we're going to end up in a very similar place without changes.
