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https://www.politico.eu/article/us-donald-trump-new-european-leader-
canada-mark-carney/

European leaders may soon be able to take comfort in having one of their 
own sitting north of the border of the United States.

Mark Carney, a former central banker who spent much of the last decade in 
Europe, is widely expected to win the leadership of Canada’s Liberal Party 
on Sunday. If so, he will succeed Justin Trudeau as prime minister, who 
announced in January that he would step down once his party selected a new 
leader amid his poor polling numbers and internal party disputes.

Carney spent the early part of his career at Goldman Sachs, where he 
worked for 13 years before serving a five-year term as Canada’s central 
bank governor. But his profile rose to prominence on the continent after 
he became the Bank of England’s first non-British governor in 2013.

Jean-Claude Trichet, the former head of the European Central Bank, told 
POLITICO that having a foreigner helm a major central bank was “in no way 
an obvious decision,” but that Carney’s “remarkable” reputation in central 
banking helped the appointment go through.

The man who appointed him then, the U.K.’s former conservative Chancellor 
of the Exchequer George Osborne, said Carney’s experience on the 
international stage will serve as an asset both to Canada and leaders in 
Western Europe as they confront the challenges posed by U.S. President 
Donald Trump. Trump has threatened to annex Canada and hit the country 
with massive tariffs.

“His primary responsibility will be to the people of Canada, but it’ll 
definitely help the Western world,” Osborne told POLITICO.

“To have someone around the table who’s been there, been in the room … not 
intimated by a trip to the White House, not intimated by meeting Donald 
Trump … that person’s Mark Carney,” Osborne said.

Roland Lescure, who was France’s industry minister until last September 
and was briefly discussed as a potential French prime minister, has known 
Carney for more than a decade after having worked in the financial sector 
in Canada.

Lescure told POLITICO that he was often in touch with Carney while in 
government, and stressed that the likely new Canadian premier and French 
President Emmanuel Macron “know each other well,” which “would obviously 
be a big perk for France-Canada relations.”

“He’s a bit of a Canadian Mario Draghi,” Lescure added, comparing Carney 
to the former Italian European Central Bank chief, a fellow Goldman Sachs 
alumnus who remains influential in European circles. Carney has referenced 
Draghi in past speeches and seems aware of the comparisons with another 
central banker who went on to become his country’s prime minister.

In his leadership bid back home, the 59-year-old has positioned himself as 
an outsider — “not a career politician,” he says. But in England, Carney 
didn’t shy away from acting like a politician to gain acceptance. Those 
who know Carney from his time across the Atlantic are confident he is 
well-suited for the rigor of frontline politics, even though he spent most 
of his career as a central banker rather than an elected official.

“[Carney] tried to connect more broadly to the country and traveled 
around,” Osborne explained. “He got out on tour, which is what any 
politician would do but was quite unusual [in his role].”

Can Carney continue?
Carney stepped down in 2020, quickly becoming a global leader in pushing 
banks and investors to take climate change seriously.

Seeking distance from Trudeau’s declining popularity, Carney — who advised 
the Liberals under Trudeau — has emphasized that his advisory work 
extended beyond Canada.

He still bears the scars of the Brexit years as well. He faced criticism 
from pro-Brexit figures when he warned that leaving the EU threatened the 
U.K.’s financial stability. Carney has pointed to his experience with 
Brexit as a warning sign against the dangers of right-wing populism. He 
could now face someone who fits that label in an election against the 
leader of the Conservative Party of Canada, Pierre Poilievre.

Whether Carney’s international credentials will stand the test of time 
remains to be seen. His net-zero banking initiative is unraveling with 
political headwinds blowing in the opposition direction. Key departures 
include Morgan Stanley and Citi.

It’s also unclear how long Carney will remain in office. Opposition 
parties have vowed to force an election once parliament resumes, and 
Carney could be tempted to do so himself even sooner. Liberals had braced 
for disaster in the next race, but Trudeau’s resignation and Trump’s 
threats against Canada have given the incumbent party new momentum.

Polling aggregator 338Canada shows the Liberals trailing the Conservatives 
by just six points, against a 25-point deficit before Trudeau’s 
resignation.


-- 
November 5, 2024 - Congratulations President Donald Trump.  We look 
forward to America being great again.

The disease known as Kamala Harris has been effectively treated and 
eradicated.

We live in a time where intelligent people are being silenced so that 
stupid people won't be offended.

Durham Report: The FBI has an integrity problem.  It has none.

Thank you for cleaning up the disaster of the 2008-2017 Obama / Biden 
fiasco, President Trump.  

Under Barack Obama's leadership, the United States of America became the 
The World According To Garp.  Obama sold out heterosexuals for Hollywood 
queer liberal democrat donors.