08.03.2012 - Australia Treasury shoots down sovereign fund talk
Australian Treasury Secretary Martin Parkinson Wednesday shot down arguments for the country to establish a sovereign wealth fund, or SWF, after the debate was again stirred by resource-rich Western Australia state pressing ahead with its own plans such a fund. "An SWF does not constitute a contribution to future fiscal sustainability," said Parkinson, speaking at a business lunch in Sydney...............................................Full Article: Source
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