Quebec is one of the most heavily indebted industrial economies in the world. Once again you have to ask how does Quebec continue on this path with gold plated social programs? It does by using a lot of equalization money. The idea of Quebec independence is actually a laughable idea unless as the separatists would want , they get continued equalization. Not very likely. My friend Joanne Marcotte discusses Quebec independence in 2020, a pretty amusing read( here is a google translation , but it is better in French).
An analysis by the Quebec Ministry of Finance suggests the province has one of the most heavily indebted economies in the industrialized world.
The 44-page document calculates the province's total debt as 94 per cent of GDP, employing methods used by the Organization of Economic Co-operation and Development.
The government report, available on the ministry's website, compares the total provincial public debt to that of other Canadian provinces and to major industrialized nations.
5 comments:
I say we don't give quebec the chance to separate. Let's have referendum in the ROC and vote their freeloading a$$s of the confederation island known as Canada.
Rob C
There seems to be a direct correlation between Quebec's fiscal situation with Canada and the EU and Greece. Entitlement society paid for by someone else. You'll notice that the EU has had enough and will cut the Greeks loose. Cheers. FernStAlbert
Yes, but separatism has always been about emotions, not logic.
Quebec may have one of the worst economies in the world, but they have one of the largest voting blocs in Canada. That alone ensures that it doesn't matter how screwed up their economy is.
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