net-debt-to-GDP ratio and strength’s of loonie

Another look at net-debt-to-GDP ratio showing Canada as a number one and it is not just because of need for commodities from China’s side:

“A measure of traders’ expectations for price fluctuations indicates the loonie is the most secure bet relative to the Australian dollar since July as the global recovery shows signs of wavering.”

As you can see number 3 on the list is “Portugal, another of Europe’s problem children, said it hopes to pay down some of its massive debts by raising €6-billion over four years by privatizing state-owned companies.” In a meanwhile EU is thinking about setting up their own monetary fund (so called EMF) with blueprints to be finished at the end of June. But is it really necessary? Is it really gonna prevent future crisis or is it just another painkiller for much severe problems in EU?

source: theglobeandmail.com