OCCASIONALLY, I HAVE POSTED AN ARTICLE, AND SOMEONE WILL ASK HOW the article pertains to the page or country of the page. I believe that while we are all committed to sharing information on Islam and moslems, we must also have knowledge on what is occurring in the world that will affect our country. This is such an article. By knowing what the economy of other countries is and how it is progressing can indicate where the government’s main agenda will be, and what it may do in the belief that a change will help the economy recover. This could be viewed as an economic problem, but it also could be viewed as a chance for citizens to petition their governments on cutting back, or even stopping immigration. Immigrant usually bring very little or nothing to the economy of a country, but they do cost the country large sums in the way of social programs and health care. The government could also be petitioned to have retraining programs for the citizens that are already in the country and have been contributing to it. Everything is inter connected. Finance Minister Joe Oliver fears the turmoil in Ukraine and Iraq is potentially “dangerous” to the global economy, particularly in Europe where he says many countries are not living up to their promises to get their books in line. Canada’s finance minister made the comments on a conference call from Warsaw, Poland, where he is wrapping up a tour of Europe that included stops in London and Berlin. “A number of the European countries are in difficult fiscal circumstances,” he said. “There is a real risk of deflation and the banking system also is more fragile than we would like to see. So that in this kind of environment, additional external shocks can be quite dangerous and the situation in the Ukraine is one and of course the situation in Iraq is another one and there are others.” One of the main economic impacts flowing from the situations in Ukraine and Iraq is higher energy prices, which the minister said will translate into higher costs for Canadian consumers. He added that it could also increase revenue for Canadian business and governments, but that is muted by the fact that Canadian crude is often sold at a discount in the U.S. due to the lack of pipeline capacity to reach other global markets. theglobeandmail/report-on-business/international-business/european-business/ukraine-iraq-tensions-dangerous-to-global-economy-oliver/article19358942/
Posted on: Tue, 01 Jul 2014 01:12:07 +0000
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