Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

The Dollar's So Low The Aussies Can Have It

The Dollar's So Low The Aussies Can Have It, Clark Says

Having driven the dollar down to a record low, the Government now wants to abandon it, National Finance spokesperson Bill English said today.

"Helen Clark's talk from New York about a joint Anzac currency is an admission that she has no faith in either the Government or Michael Cullen's ability to restore confidence in the dollar.

"This is precisely the wrong time for the Prime Minister to be musing about the dollar. It will be under real pressure in the next few weeks as a significant amount of New Zealand debt matures.

"There will be a lot more sellers than buyers, and the market expects the dollar to go even lower. The Prime Minister is irresponsible to be talking like this.

"Dr Cullen faces a huge task trying to restore confidence in New Zealand. The Prime Minister has just added to the pressure mounting on him to fix up his management of the economy or get out. Clearly she can see the tide of Dr Cullen's credibility going out.

"This would be just an other episode of Labour Party scrapping except that thousands of ordinary New Zealanders will be hurt as their cost of living surges.

"Helen Clark's panicky talk is out of tune with her Finance Minister who recently dismissed talk of a merger as nothing more than a "take-over bid" by the Australian dollar.

"Dr Cullen is also on the record saying that if we were going to adopt a joint currency 'then the US dollar would be a stronger candidate than the Australian dollar at this stage'.

"Unfortunately for New Zealanders' sake, both Helen Clark and Michael Cullen have shown this Government does not have the competence to manage the economy properly. Sound economic management is the only factor which could really rescue the dollar," Mr English said.

Ends


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Crowdsale And Crowdfunding Campaign: Help Create The Future Of Independent News

Two weeks to go! The Scoop 3.0 plan aims to create NZ’s first community-owned, distributed news and media intelligence ecosystem in 2019. We believe this ScoopPro media monetisation approach can be scaled and spread globally to support local and independent news efforts in regional New Zealand and around the world.

Scoop is an ecosystem, it would not exist without those who contribute to it, read it and rely on it for professional media purposes. Generous past support from this ecosystem has enabled us to come this far in developing our business model. Support our PledgeMe Campaign>>

 

14/11: Two Years’ Progress Since The Kaikoura Earthquake

Mayor John Leggett said it was a day for reflection, but also a time to recognise the work by many people to support progress towards recovery made across Marlborough since November 2016. More>>

ALSO:

Pike River: Mine Drift Re-Entry Plan To Proceed

“I’ve decided the Te Kāhui Whakamana Rua Tekau Mā Iwa - Pike River Recovery Agency, recommended course of action to enter the drift, using the existing access tunnel, is by far the safest option,” said Andrew Little. More>>

ALSO:

Appointments: New High Commissioner To Australia Announced

“Dame Annette King needs no introduction given her long running career as a parliamentarian where she has previously held a number senior Cabinet portfolios, including Justice, Police and Health. She also was Parliament’s longest serving female MP with 30 years’ service,” said Mr Peters. More>>

ALSO:

Two Years Since Kaikoura: Silvia Cartwright To Lead Inquiry Into EQC

“The inquiry will be the first of its kind under the Public Inquiries Act 2013 and will have all the powers of a Royal Commission, be independent of Government and make its report directly to the Governor-General. More>>

ALSO:

Gordon Campbell: On The Royal Commission Into Child Abuse

Obviously, it is good news that the coalition government has broadened the scope of its Royal Commission into the abuse of children, beyond its previous focus on children in state care. More>>

ALSO:

Cases Delayed: Court Staff Refuse To Handle Sentencing Papers

Dozens of court cases have reportedly been delayed, as court staff escalate industrial action at two Auckland courts by enforcing a ban on handling sentencing papers. More>>

ALSO:

Education: Primary Teachers Rolling Strikes

RNZ Report: More than 100,000 primary school students in Auckland will be home from school today as teachers and principals walk off the job for the second time this year. It's the start of a week of rolling one-day strikes around the country, after the collapse of contract negotiations last Thursday. More>>

ALSO:

"Process Was Sound": Inquiry Into Haumaha Appointment Released

The Inquiry’s purpose was to examine, identify, and report on the adequacy of the process that led to the appointment. It found the process was sound and no available relevant information was omitted. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels