News and Opinion, sponsored by RaboPlus

Watch on our video page here.

Watch on YouTube here.

Bernard Hickey details the key news overnight in in 90 seconds at 9am in association with the BNZ, including reaction to John Key’s big tax plan unveiled yesterday, which included a potential increase in GST to 15% and tax cuts across the board that could cost NZ$3-4 bln.

However, depreciation changes and the GST increase may only net NZ$1.5 bln after compensation. Where is the rest coming from? It’s not the step change John Key promoted it as. See more detail and reaction here.

Meanwhile German officials have said Germany may bail out Greece to save the euro. The Euro and NZ$ rallied on hopes the European crisis may ease.

However, an emergency EU summit has been called for Thursday and the head of the European Central Bank Jean Claude Trichet has left Australia early to return to Europe to deal with the crisis.

Tags: 90 seconds at 9am

You may also like to read:

• 90 seconds at 9am: ASB banker who spent NZ$3.4 mln on prostitutes convicted of Ponzi fraud
• 90 seconds at 9am: NZ$ hits highs vs US$ and Euro; Greek fears return; US deflation
• 90 seconds at 9am: Jackal celebrates Strategic receivership; Bryers secret trust revealed; US trade deal
• 90 seconds at 9am: High bank funding costs; Marac guarantee extended
• 90 seconds at 9am: FAI Money to stop taking new money; Petrol price spike; Greek warning
• 90 seconds at 9am: Tougher KiwiSaver rules; Portugese budget cuts; IMF for Europe
• 90 seconds at 9am: Hanover revelations; Chinese loan crackdown; Icelandic rejection
• 90 seconds at 9am: Greece passes first test; PGC backs South Canterbury; Huljich drama
• 90 seconds at 9am: Greek unveils budget cuts worth 10% of GDP; markets rally
• 90 seconds at 9am: NZ$ near 10 year low vs A$ after RBA hike

This entry was posted on Wednesday, February 10th, 2010 at 8:53 am and is filed under News links. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.