European debt woes remain dangerous, Canada says

WASHINGTON, Jan 12 (BestGrowthStock) – The debt woes of some
European nations, in particular Portugal, remain a danger,
Canadian Finance Minister Jim Flaherty said on Wednesday.

Flaherty made his remarks in a speech explaining why the
Canadian government would adopt a cautious economic approach.

“We do need to have a balanced approach … the economic
recovery is fragile. We have the European situation, which
remains dangerous with respect to Portugal and a few other
countries in Europe,” he said.
(Reporting by David Lawder, writing by David Ljunggren)