On Tuesday the Greek government survived a confidence motion. National Post editorial cartoonist Gary Clement’s take on the whole situation.
Greece needs ‘firewall,’ Flaherty says
The realization that Greece’s failed finances may be beyond repair is prompting calls for a drastic course of action: Quarantine. Among those advocating for the establishment of a “firewall” around Greece is federal Finance Minister Jim Flaherty.
“The danger is that the Greek situation unravels and that that would have a contagion effect on European banks,” Mr. Flaherty told reporters on Wednesday, adding, “we want to make sure the situation’s contained.”