Mr. Speaker, we are encouraged to see Europe taking steps to tackle the ongoing challenges with respect to sovereign indebtedness and with respect to undercapitalization of the banks. We have consistently urged our European allies to do so. Europe has the resources to do this and we applaud it for the announced measure. We look forward to the timely implementation of this next action in Europe.
In contrast, of course, we will not be advocating for the use of Canadian tax resources to bail out European banks, unlike the NDP.