wayne swan gone, page-27

  1. 19,314 Posts.
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    Who do you believe in this article:

    http://www.bloomberg.com/news/2011-06-30/rba-s-mckibbin-sees-greece-as-first-carriage-in-world-fiscal-train-wreck-.html

    Australian central bank board member Warwick McKibbin said.
    The fiscal outlook ?is what I call the slow motion train wreck -- the first carriage to break is going to be the Greek economy, but we have a series of economies facing very serious fiscal adjustment

    Wayne Swan in a speech at the same Melbourne conference today said: ?Some have a dire view of what?s happening in Europe. I don?t share those views.?

    He doesn't share those views because he just put up Australia's borrowing limit to $250 Billion and probably still thinks that the rest of the world can as well.


    Thats $250,000,000,000 - whats the interest bill Wayne?


 
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