Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

Govt reaction to monetary study a slap in the face

Media release April 27th, 2000

Government reaction to monetary study a slap in the face for business

Government's rejection of the Institute of Policy Studies report on forging stronger links to the Australian currency is a slap in the face for business who gave it their overwhelming support, says the Employers and Manufacturers Association (northern).

"All business wants from Government on the development of our monetary system at this point is for it to keep an open mind on the subject," said the EMA's chief executive, Alasdair Thompson.

"The Government does not seem prepared to do this. Dr Cullen rejected the general idea out of hand this morning.

"He seems to have already made up his mind our monetary system is as good as it can get.

"The Government seems to think it knows what is best for New Zealand business on this and other critical issues affecting our economic and trading future.

"Australia is our largest market by far ($5173 million in exports for year ended January 2000), and more of our manufactured exports (over $3500 million a year, about 40 per cent of all manufactured exports) go there than anywhere else.

"In other words the Australian market supports the employment of far more New Zealanders than any other export destination.

Furthermore, Dr Cullen knows our future cannot be supported by the export of undifferentiated commodity products to Europe and elsewhere. But that is what Government's closed mind on exploring monetary options points to.

"Talk about New Zealand's sovereignty in this context is a red herring and so is Australia's lack of interest at this stage. Besides, in any practical sense Governments have long since given up their sovereignty over monetary policy.

"What is at issue is economic growth, and Government's actions so far have shown no sign it knows how to get that underway."

Further comment: Alasdair Thompson tel 09 367 0911 (bus) 09 303 3951 (hme) 025 982 024 (mob)


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Peters/Ardern Triumph

There are a lot of good reasons to feel joyful about this outcome. It is what so many young voters – the best hope for the country’s future – wanted.

Far more important than the implications for the Economy Gods ( is the dollar up or down? ) last night’s outcome will also mean many, many vulnerable New Zealanders will have a better life over the next three years at least.

Yet the desire for change was in the majority, across the country..>>>More


Reaction

Labour on its agreement |Peters: Post-Election Announcement Speech | Greenpeace “cautiously hopeful” about new Government | ACT - Madman on the loose | E tū ecstatic | Chamber welcomes the outcome | Greens on their joining Govt | EDS welcomes new govt | Immigrant groups worry | Feds ready to engage new coalition government | Labour Ministers of the Crown announced

 

Climate: Increasing Greenhouse Emissions Hit NZ

New Zealand is seeing impacts of excess greenhouse gas emissions in our climate and oceans, according to the latest national report from the Ministry for the Environment and Stats NZ about the state of the atmosphere and climate…More>>

ALSO:


Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>

ALSO:

Rorschach Restructuring: PSA Taking Inland Revenue To Court Over Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>

ALSO:

Nuclear Disarmament: Nobel Peace Prize 2017 Awarded To ICAN

Congratulations from iCAN Aotearoa New Zealand to international iCAN, the other iCAN national campaigns and partner organisations, and the countless organisations and individuals who have worked so hard for a nuclear weapons-free world since 1945. More>>

ALSO:

Expenses: Waikato DHB CEO Resigns

An independent inquiry has identified that Dr Murray had spent more than the agreed $25K allocated for relocation costs, and other unauthorized expenses involving potential financial breaches of the chief executive’s obligations. More>>

ALSO:

Wellington.Scoop: Sad About The Trolley Buses?

The Regional Council’s MetLink is today spending money to tell us that it really loves Wellington’s trolley buses, even though they’re all being taken off our roads by the end of this month. More>>

ALSO:

Post-Election: Preliminary Coalition Talks Begin

New Zealand First will hold post-election preliminary discussions in Wellington with the National Party tomorrow morning and the Labour Party tomorrow afternoon. More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election