Edited: Antony Currie
Too late to save the day
New Zealand’s new deputy prime minister has a harsh message for his Australian cousins across the Tasman Sea. Foreign ownership of banks – the Aussies have bought up virtually all the Kiwis’ institutions – is not welcome.
“We are in danger of re-colonization if we are not careful,” says John Anderton. “The irony is that 100 years ago the Bank of New Zealand was opened up to get away from the control of Australian bankers not interested in New Zealand.
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