English glad we don't have to pump in a trillion dollars

English glad we don't have to pump in a trillion dollars

"Hon David Cunliffe: Does the Minister consider that upbeat and aspirational action is now needed in New Zealand, when US stock markets rose nearly 7 percent in recent days on the back of such intervention by the US Obama administration, or is he instead using this recession as political cover to undertake a pre-ordained agenda of privatisation, gutting KiwiSaver, the Superannuation Fund, and accident compensation, and, to boot, hobbling regulators like the Commerce Commission and Overseas Investment Office? Hon BILL ENGLISH: It may well assist the Labour Party if it stops trying to rerun its terribly failed 2008 election campaign and actually pays some attention to the economy. I am very pleased that the New Zealand Government does not have to put a trillion dollars into stabilising the banking system"”it is probably about the third or fourth attempt the US Government has made. I acknowledge the efforts made by the previous Government to help to stabilise the banking system; we are continuing with those, and I hope we do not have to follow the course of the US Government. " - Parliament TV

We welcome your help to improve our coverage of this issue. Any examples or experiences to relate? Any links to other news, data or research to shed more light on this? Any insight or views on what might happen next or what should happen next? Any errors to correct?

We welcome your comments below. If you are not already registered, please register to comment.

Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.

Your access to our unique content is free - always has been. But ad revenues are diving so we need your direct support.

Become a supporter

Thanks, I'm already a supporter.