Alain Giguère on Keeping Canada's Economy and Jobs Growing Act

Mr. Speaker, this is a perfect example of what we call the Greek syndrome. To meet the financial demands of certain banks, Greece made massive cuts to its government spending. One of the immediate effects of these massive cuts was that Greece was pitched headlong into a recession and sunk deeper into deficit. That is a major problem. When government spending is cut in an unreasonable manner during a period of economic uncertainty, it only encourages more economic uncertainty.