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Sovereign Wealth Funds Briefing - Categorized | Financials, Market, People

Australia dangerously complacent in face of crisis: Future Fund chief

Posted on 25 November 2011

The head of the federal government’s Future Fund, David Murray, has delivered a scathing assessment of Labor’s management of the economy, accusing it of borrowing money to buy votes, and of dangerous complacency in the face of a “wake-up call” from the crisis unfolding in Europe.

Mr Murray, the former chief of the Commonwealth Bank, has also stridently backed Qantas in its dispute with its employees, saying that unless the airline and companies like it tackled union privilege, Australia risked the same fate as Europe………………………………………Full Article: Source


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