WANTED “POLITICAL LEADERSHIP AND COURAGE”

In an article published in the Globe and Mail and the Financial Times on Monday, August 15, the Ministers of Finance from Canada, South Africa, Britain, Singapore, and Australia set out a fairly detailed coordinated strategy that they believe “would help the world get its groove back”.

There was nothing new in their proposed strategy that could not be found in policy statements made by G-7 leaders, G-20 leaders, the International Monetary Fund (IMF), and most credible Economic think tanks over the past decade.