Stephen Mold: The economic lessons we can learn from Canada

Stephen Mold is the prospective parliamentary candidate for Derby North.

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.