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Protesters chant slogans during a union protest in Thessaloniki, Greece, Wednesday, Nov. 14, 2012. Workers across the European Union sought to present a united front against rampant unemployment and government spending cuts Wednesday with a string of strikes and demonstrations across the region.
Protesters chant slogans during a union protest in Thessaloniki, Greece, Wednesday, Nov. 14, 2012. Workers across the European Union sought to present a united front against rampant unemployment and government spending cuts Wednesday with a string of strikes and demonstrations across the region.
(Nikolas Giakoumidis/AP)

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Ontario isn’t Canada’s Greece ... yet

Almost three years ago I wrote that Ontario risks becoming Canada’s Greece. Now the Fraser Institute, a conservative-leaning think tank, is releasing a report saying a similar thing.

The risks highlighted by Streetwise back then were not exactly rocket science – runaway health spending and a stubborn structural deficit, combined with increasing national strains because of a bifurcated economy with mineral-wealth haves and have-nots and a one-size-fits all monetary policy (presaging the whole Dutch Disease debate).