Our beleaguered Prime Minister has spent much time of late trotting around the globe, offering his unique brand of optimism to all those countries he believes to be in a worse economic state than his own. Unabashed by stinging criticism from, among others, the French President and a German Finance Minister, Gordon Brown still believes that he alone has the answers to the world’s problems.
He continues to insist that the economic environment in the UK is a global problem that nobody could have foreseen. So has every country had to rescue its financial sector and refinance its banks? Surely that would be the case if such a claim were accurate?
Actually, no. There is a major economic power out there which has yet to face a single bank failure - Canada.