The Age
·general
·1 hour ago
Keating marks 40 years since warning Australia risks becoming third-rate economy
Former Australian Treasurer Paul Keating marked 40 years since his "banana republic" declaration on May 14, 1986, describing the pivotal radio interview as a transformative moment. Speaking to broadcaster John Laws about the nation's 6 percent current account deficit, Keating warned Australia risked becoming a third-rate economy without reform.
Summary by Glance · The Age
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