Canada satisfied with Europe rescue deal: Flaherty

Mon May 10, 2010 11:42am EDT
 
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HALIFAX, Nova Scotia (Reuters) - Finance Minister Jim Flaherty said on Monday he was satisfied with the "comprehensive and credible" European aid deal reached on the weekend and said financial reform will be a key topic for Group of 20 policymakers.

The package contained standby funds and loan guarantees, plus central bank liquidity measures and bond purchases to steady markets.

"This was important in order to maintain confidence," Flaherty told reporters.

"Financial sector reform needs to be accelerated. And that will be a major topic of discussion when the G20 finance ministers meet in Korea at the beginning of June and when the leaders meet in Toronto at the end of June."

(Reporting by Richard Woodbury, writing by Ka Yan Ng; editing by Peter Galloway)