The Global Economic Crisis: Can Canada Escape a Lost Decade?

On Thursday 25th January, I shall be participating in what seems like a fascinating debate in the Canadian House of Commons. Organised by the Canadian Centre for Policy Alternatives, we shall be discussing the Crisis’ impact on Canada, the wisdom (or otherwise) of its government’s planned responses and the links between the Canadian, American, European and emerging economies. I am very much looking forward to the meeting. For details see below. 

House of Commons: Railway Committee Room, Centre Block, 9:00-9:10: Introduction (Bruce Campbell)

Keynote I: Perspectives on the global crisis and what to do!

Yanis Varoufakis (Stephanie Griffith-Jones will join in by video conference from England)


10:15-30: Coffee break:

10:30-12:00: Panel I: Canadian dimension of the crisis and assessment of the policy response. (Focus is on shorter-term macro-economic policy.)

Moderator: Evan Solomon—Host of CBC News Network’s, Power & Politics; and CBC Radio’s The House.

Patti Croft, Alice Nakamura, Mario Seccareccia, Jim Stanford

Discussion with audience

12:00 pm-1:00pm: Lunch

Keynote II:Perspective on the US and theglobal crisis, and the way forward. 

Thomas Palley

2:15-2:30 pm: Coffee Break:

2:30-4:00 Panel II: External environment, domestic structural weaknesses, and the path to sustained economic recovery

Moderator: Norma Greenaway, long-time journalist and currently professor in the School of Journalism, Carleton University

Panelists: Roy Culpepper, Andrew Jackson, Brenda Spotton Visano, Eric Pineault


  • Thanks for the advertisement! I work a few blocks away from the meeting place. I will try to attend.

  • Professor Varoufakis:

    I heard your interview this morning with Anna Maria Tremonti on CBC radio and I just wanted to thank you for so eloquently and intelligently voicing what needs to be voiced.
    Please keep blogging, tweeting, publishing, speaking!!!

    …A Greek living abroad and witnessing in pain what is going on in our beloved Greece.

  • You’re in Canada, and won’t come to Winnipeg. It’s not even that cold this year. Well, fine; but you (or the CCPA) had better post your talk. Here we are, teaching from your texts, and our students would love a perspective on how Canada is implicated in global crisis.

    • Would love to come. But only staying for less than two days. Promise to write up the main points of my Ottawa talk and post them here. So near, and yet so far…

    • If by “near” you mean the equivalent distance between Athens and Munich, then, ya, I suppose it’s near. 🙂

  • “The global Minsky moment has arrived.” — December 12, 2011, Mark Carney, Governor of the Bank of Canada

    And yet, just a month later, the major Canadian banks lowered their 5-year fixed mortgage rate to a record low 2.99%.

    Bienvenue au CANADA, Yani.

  • Another reminder in Eurointelligence blog this morning of neo-liberal effort to ‘bust’ labor:

    Zoellick calls on Germany to propose a labour union

    Writing in the FT, Robert Zoellick has called on Germany to launch a broader eurozone revival plan to complement the fiscal pact. This plan would have to focus on labour mobility. Labour policies in the past were geared towards protection. He said the EU should focus the European Commission on this new mission, which would ease unemployment, and build a real economic union.

    This is the third mention I’ve read this week of “necessity” of “labor restructuring” in European media.

  • Yanis will be on The Agenda with Steve Paikin again on Friday. He’ll give an update on Greece, Europe and the fear of contagion. The program airs on 8:00 p.m. Eastern Standard Time and you can watch it live online at I’m sure he’ll also post the segment on his blog!

    I’ll also post the links on Twitter as soon as the links are up. Follow me at twittercom/sandragionas

  • This is the type of analysis I’ve been looking for over the last two years since I’m planning to move to Canada from Greece. I understand Canada will not come out unscratched out of the coming global recession/depression ( many many reasons for this) and its economy might not be as strong as the numbers show. However fundamental differences exist between the two economies, not to mention Greece is no longer the place to be (as many of us thought). Please keep us posted 🙂