LONDON, Ontario, Oct 11 (Reuters) - The Group of Seven leading industrialized nations is concerned about what it sees as the excessive measures taken by some countries to rescue troubled banks, Canadian Prime Minister Stephen Harper said on Saturday.
'I think there's some concern among the G7 that some countries are going overboard and are getting into backdoor subsidies of banks in a way that is not in the long-run interests of the marketplace,' he told reporters. He did not elaborate.
(Reporting by David Ljunggren; Editing by Eric Walsh) Keywords: FINANCIAL/CANADA HARPER tf.TFN-Europe_newsdesk@thomson.com ak COPYRIGHT Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
'I think there's some concern among the G7 that some countries are going overboard and are getting into backdoor subsidies of banks in a way that is not in the long-run interests of the marketplace,' he told reporters. He did not elaborate.
(Reporting by David Ljunggren; Editing by Eric Walsh) Keywords: FINANCIAL/CANADA HARPER tf.TFN-Europe_newsdesk@thomson.com ak COPYRIGHT Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.