Hilarious Moment: Carney Bursts Into Loud Laughter Over Journalist’s “Document”

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Ver Hilarious Moment: Carney Bursts Into Loud Laughter Over Journalist’s “Document” - Diario As en Dailymotion

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00:00Prime Minister, good afternoon. Greg Green with Market News.

00:02I have a document showing some of the fiscal plans for this year.

00:06Look at that. It looks like it's written on a napkin, Greg.

00:09I don't know whose napkin it is.

00:12It said there's a contingency borrowing authority.

00:14Is that the opposition's fiscal plan?

00:16No, it's finances.

00:19It says there's a contingency or an option to borrow 95.

00:22What kind of shop are you running?

00:25Sorry, Greg. I'm sorry.

00:26It's a document.

00:27Just an executive summary.

00:29Okay, start again. You have a document.

00:32I'm sorry. I'm sorry.

00:33It aligns fiscal plans for this year,

00:36and it mentions an option to borrow up to $95 billion

00:39to cover geopolitical risk.

00:43We're in the middle of some delicate trade talks with the U.S.

00:45I just wondered, in these circumstances,

00:48why do we need to set aside that amount of money to get through this?

00:51Well, in all seriousness,

00:54obviously by my response to your document,

00:57I haven't seen what you're talking about,

01:00so you're asking me to comment on something I haven't seen.

01:03Full stop.

01:05Then I'm going to tell you something you already know,

01:07which is that any responsible government makes contingency plans.

01:12The world is in a trade war.

01:15The world is in a trade war that is running a risk of a global recession.

01:19And if I would note, and you don't need to take it from me,

01:22I'll quote the chair of the Federal Reserve this week,

01:26who highlighted the risks of stagflation,

01:28in other words, inflation.

01:29In their judgment, Federal Reserve, what do they know?

01:31But this is what they think,

01:32that inflation is going up and growth is going to slow in the United States.

01:37The world is in the middle of a trade war,

01:38and several wars, actual wars,

01:43including wars that can have quite significant implication

01:47for commodity prices, global growth,

01:49aside from the human cost that comes with them.

01:51Any responsible government, any responsible organization

01:54makes contingency plans for those circumstances.

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