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Friday, May 27, 2016

Gaining momentum

Merkel's austerity allies dwindle as Trudeau debuts at G-7
"German Chancellor Angela Merkel is attending the Group of Seven leaders' summit in Japan with a diminished flank of pro-austerity allies.
As leaders from the United States, Japan, Germany, France, the U.K., Italy and Canada prioritize tackling a global slowdown, the debate over stimulus versus belt-tightening is poised to shift with Canadian Prime Minister Justin Trudeau's first appearance at the G-7 table.
Since taking power in November, Trudeau has moved Canada's economic focus toward infrastructure spending and cash transfers, from predecessor Stephen Harper's mix of tax cuts and deficit reduction."

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