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"It is not a perfect measure, but it suggests residential property investor activity could have halved over the last decade."

by Greg Ninness

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"ESAS 'allows approved non-bank entities to settle payments directly in risk-free central bank money without using a commercial bank as an intermediary,' the RBNZ's Steve Gordon says."

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How democracies default on their debts

Opinion: In the wake of voter revolts in Europe, Bernard Hickey looks at how and why democracies might default on their debts

8th May 12, 9:17am

by Bernard Hickey

Opinion: In the wake of voter revolts in Europe, Bernard Hickey looks at how and why democracies might default on their debts

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