27.03.2012 - Australia: No wealth fund: The opposition treasury spokesman
The Australian Greens have consistently called for Australia to set up a new sovereign wealth fund, to help pay for infrastructure projects. But the opposition treasury spokesman Joe Hockey rejected the idea. "A new sovereign wealth fund for Australia is a ridiculously stupid idea for so long as we have taxes that are higher than many of our competitors, when we have net debt of A$140 billion, and for so long as we have a free and open economy," he said...............................................Full Article: Source
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