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Harper's aggressive plans: Canada at G8 and G20 summits

Prime Minister Stephen Harper announces Canadas contribution to the Muskoka Initiative on Maternal, Newborn and Child Health during a working session with G8 and African Outreach leaders. Official photo.

Here is a (non-exhaustive) guide to five of Prime Minister Stephen Harper's plans at the G20 and G8 meetings. In an effort to keep it relatively short, I have added numerous links rather than expound on every issue. Use the article as an outline and then go find out more by checking the links for background and references.

A. Economic Crisis 


G20 and national deficits at the expense of the poor

A major turn took place at the G20 finance ministers meeting in Busan, South Korea, two weeks ago, as the G20 reasserted deficit and spending reduction as its top priority, marking the final step in the (re)triumph of neoliberalism as global economy's modus operandi. Britain and Canada were the major proponents at the meeting of this deficit warrior approach to recovery, while China has cautioned against too rapid an end to stimulus efforts.


The bank tax and the G20 summit: An overview

Proponents of the global bank tax have suffered a major setback this past weekend in Pusan, South Korea. The G20 finance ministers decided to drop it under pressure from its chief opponent, the Canadian government, as well as Australia, Japan, and Brazil. The decision was based on the usual argument that the levy would punish banks that had acted responsibly, and that other mechanisms such as increased capital requirements were more appropriate for dealing with future bank crises.


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