Parliament

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

 

Oil Up & Currency Down A Global Problem - Cullen

Rising Oil Prices And Falling Currency A Global Problem - Cullen

The Minister of Finance Dr Michael Cullen, reports his visits to German financial institutions in Frankfurt were worthwhile and positive.

“I had meetings with Commerzbank, Deutsche Bank and the European Central Bank. Despite the vast difference in size and scale there was a common concern with us about rising oil prices and exchange rate volatility.

“The main matter of concern to me was the reinforcement of a message that trends in global financial markets outside of our control are tending to make smaller economies less attractive from a variety of perspective’s. This is entirely a matter of size.

“This makes it all the more important that we look for wider linkages, including strengthening our closer economic relationship with Australia.

“It also emphasises the importance of the government’s strategy of developing means to promote stronger sustainable export-led growth and a higher level of national savings.

Dr Cullen said New Zealand is clearly held in warm regard and there is a sophisticated understanding of both the issues we face and the policies of the present government. "Contrary to a good deal of comment in New Zealand, there was no indication of any view that New Zealand was out of step with the mainstream of developed countries.

“New Zealand, as recent decisions (such as those relating to New Zealand Steel and Watties) emphasise, remains an alternative place to invest in. But we need to move on strongly to implement the Government’s agenda for change to maintain and improve our position," said Dr Cullen.

Ends


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Jami-Lee Ross (And The New Hobbit Law)

Clearly, Jami-Lee Ross is not waging a normal form of political warfare, with agreed rules of combat and rational cost/benefit calculations.

This is politics-as-terrorism where everything is being sacrificed by the man in the bomb vest in order to remove Simon Bridges as the leader of the National Party. More>>

 
 

Political Donations: Greens Call For Tighter Anonymity Rules And Public Funding

“It is clear that those vested interests have a tangible influence on the decision making of political parties. This is a threat to democracy and should change.” More>>

ALSO:

Education Amendment Bill Proceeda: Urgency Sought For Partnership School Treaty Claim

The claim takes issue with the acts and omissions of the Crown in respect of the closure of Partnership Schools | Kura Hourua. More>>

ALSO:

Salvation Army Paper: Call For Public Housing Investment

To meet these future demands the report suggests the government needs to look beyond the private rental market and begin to invest heavily into home-ownership programmes and more public and social housing. More>>

ALSO:

Fate Of Tahr Sealed: Himalayan Tahr Control Operation Proceeding

“The target of controlling 10,000 Himalayan tahr over the next eight months remains. The revised plan provides for a staged control operation with increased reporting to the Tahr Liaison Group...” More>>

ALSO:

Health: Petitions To Fund Breast Cancer Drugs

Women marching to Parliament today, to present two petitions calling for Government funding of vital medicines, have 100% support from a coalition representing than 30 breast cancer organisations. More>>

ALSO:

Animal Welfare Advisory Committee: Report On Rodeo Practices Released

The independent committee that advises the Minister responsible for Animal Welfare, has today released a report on animal welfare in rodeos, together with advice to the Minister making recommendations to improve the welfare of the animals in rodeos. More>>

ALSO:

PM's Press Conference: Fuel And Leaks

Other topics included the apparent murder of journalist Jamal Khashoggi at the Saudi Arabian embassy in Turkey, the relation between the Government moves against high fuel prices and the commitment to act on climate change, NZTA's failures in compliance checks ... More>>

ALSO:

New Hager Investigation: War Crimes, Sexual Assaults And Coverups In Armed Forces

A string of current and ex-New Zealand Defence Force staff have contacted Hager since the book he co-authored with Jon Stephenson – Hit & Run – was published in March 2017... More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels