Mr. Speaker, as I reiterated earlier today and as Prime Minister Cameron said yesterday, Canada is indeed an example to follow. To quote the prime minister, “[Canada's] economic leadership has helped the Canadian economy to weather the global storms far better than many of [our] international competitors”.
Today, Canada will continue that economic leadership by calling on the European governments to act swiftly to fix their debt issues and all European economies must tackle their debt overhang quickly to help secure the global economic recovery. Even more, countries with long-term debt problems must put in place and implement credible fiscal consolidation plans now.