Well to be glib the issue is more complicated then hectoring the EU for having entitlements. This is not a black and white issue, and shoring up the reserve fund of the IMF in case the EU teeters significantly would actually be good for Canada too. To simply sit back point our fingers and say nyah at Europe ignores the deeply complicated and profound impact an EU breakup would have an all OECD economies.
So yes, if you want to be simple minded about it, you can point to individual entitlement plans and falsely conclude that those are the problem when infact the roots are much much deeper. The EU needs political integration to make a monetary union work. Until the time is bought for that to happen through shoring up a reserve fund then this will not unravel well. But please continue on falsely pinning blame and then washing your hands.
We certainly would never be in a similar position where we'd need help now would we? Has anyone bothered to look at Canada's housing market lately? Surely there's no possibility of a major economic shock to our economy. Carry on.
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