Bloomberg News

Flaherty Says Governments Must Explain Need for Fiscal Restraint

October 05, 2011

Oct. 5 (Bloomberg) -- Debt-laden European governments must explain to their citizens that fiscal restraint is necessary to protect their countries’ future, Canadian Finance Minister Jim Flaherty said.

Flaherty reiterated that the European Financial Stability Fund needs to be made larger and more flexible, and that governments need to “expedite” their approvals of the bailout fund, in a speech in New York today.

To contact the reporter on this story: Charles Mead in New York at

To contact the editor responsible for this story: Paul Badertscher at

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