Home » Canada » Former Bank of Canada governor David Dodge on Greece, rating agencies and transfer payments

Former Bank of Canada governor David Dodge on Greece, rating agencies and transfer payments

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 734 other followers

Categories

Former Bank of Canada governor David Dodge on Greece, rating agencies and transfer payments.

Former Bank of Canada governor David Dodge spoke to the Vancouver Board of Trade on Monday. While his talk focused on the need for a national regulator (read story here), questions after the talk were more broad-based. Here are the questions and answers (paraphrased):

Q: What’s the best direction for Greece to take?

A: Greece should have done something two years ago, that would have been the best action to take.

The European situation is in some sense a bit of a mirror of what’s going on in the rest of the world. The northern countries of Holland, Finland and Germany are very efficient, producing lots of goods and services and selling them to less efficient countries and essentially vendor-financing parts of Europe to buy those products.

Read the rest here.

About these ads

Give an opinion

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 734 other followers

%d bloggers like this: