Barnaby Joyce is again in strife over his economic musings, claiming that Australia is in imminent danger of defaulting on its government debt.
Economists have joined the Federal Government in branding Senator Joyce's comments irresponsible, especially at a time when financial markets are jittery and overseas investors might take his comments seriously.
Credit ratings agencies that monitor sovereign risk say the Opposition finance spokesman's assessment is nonsense.
But if you believe Senator Joyce, Australia is the Greece of the Pacific; the Argentina of the Antipodes; the Iceland of the south - a country with a government so profligate and a public debt so huge that it is in imminent of danger of default.
-09/feb/10
Economists have joined the Federal Government in branding Senator Joyce's comments irresponsible, especially at a time when financial markets are jittery and overseas investors might take his comments seriously.
Credit ratings agencies that monitor sovereign risk say the Opposition finance spokesman's assessment is nonsense.
But if you believe Senator Joyce, Australia is the Greece of the Pacific; the Argentina of the Antipodes; the Iceland of the south - a country with a government so profligate and a public debt so huge that it is in imminent of danger of default.
-09/feb/10
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