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Finance committee  For clarification, are you pertaining to the European firewall or the--

May 17th, 2012Committee meeting

Glenn Campbell

Finance committee  It's very delicate for me to comment on the situation in Europe at the present time, and perhaps it falls outside the scope of the provision here. However, again on behalf of the minister, we are certainly following closely and are very concerned and mindful of what's happening,

May 17th, 2012Committee meeting

Glenn Campbell

Finance committee  I'm not prepared to answer that at the present time. However, I believe the minister has stated that Canada is not immune from international crisis, and that's why we're following the issue in Europe very closely.

May 17th, 2012Committee meeting

Glenn Campbell

Finance committee  Canada has appointed an executive director who leads the Canadian constituency, along with a number of Caribbean countries and Ireland, and that person's name is Marie-Lucie Morin.

May 17th, 2012Committee meeting

Glenn Campbell

Finance committee  I look after the IMF, not the World Bank, but I can certainly get back to the committee on that question.

May 17th, 2012Committee meeting

Glenn Campbell

Finance committee  No, they do not.

May 17th, 2012Committee meeting

Glenn Campbell

Finance committee  That's a very good question. On the first one, the agreement pertaining to quota, Canada is participating with its proportional share. The quota determines what our financial contribution is, and a quota system determines the size of our economy and a degree of openness. Roughly

May 17th, 2012Committee meeting

Glenn Campbell

Finance committee  Thank you. Division 13 pertains to strengthening the legitimacy and effectiveness of the International Monetary Fund. The IMF is a key global institution in assisting the international community through economic, financial, and monetary crises. The fund is referred to as a Brett

May 17th, 2012Committee meeting

Glenn Campbell

Finance committee  Rather than speculate on any particular event, I would say that the government's position is that with the conclusion of this agreement with the IMF having roughly $1 trillion, at present, of what we call forward commitment capacity--available lending resources—Canada's view is t

May 17th, 2012Committee meeting

Glenn Campbell