Trudeau’s Ambition Meets Canada’s Economy – Bloomberg View

English: A map of Canada exhibiting its ten pr...

English: A map of Canada exhibiting its ten provinces and three territories, and their capitals. (Lambert conformal conic projection from The Atlas of Canada) (Photo credit: Wikipedia)

According to Bloomberg, Canadians are tired of austerity and looking for fast answers. It questions whether Treadeu’s government can government deliver?

Source: Trudeau’s Ambition Meets Canada’s Economy – Bloomberg View

On the back of lower energy prices, I think that Canada needs to brace herself for a reality check. Like Australians, Canadians must learn that there’s no free lunch. Europeans will readily share that there’s no magic alternative to austerity.

It will be interesting to see how financial markets view Trudeau’s policies.

I sense that Canada must be ready for some bitter medicine.

Thoughts?

Merkel deserves to survive migrant crisis – Reuters

According to this Reuters article, the German chancellor’s welcome to refugees is backfiring at home. It argues that critics abound in her own party, her popularity is low and right-wing populists are flourishing. But the article concludes that Merkel has two things in her favour: the German economy looks solid and her opponents lack a credible leader.

Source: Merkel deserves to survive migrant crisis

Personally, I’m not convinced that politics is that forgiving. Angela Merkel has been firefighting and has been light on strategy. Yes, she’s a formidable politician but she has recently demonstrated vulnerability and desperation in Turkey.

Thoughts?