The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookiesbefore using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Swan is happy, but not all Australians are so impressed

Australia’s new finance minister still has to convince his fellow citizens that he can keep the economy on an even keel.

Can Swan keep Australia flying? 

Labor government treasurer Wayne Swan took the tiller just as the ripples from the US sub-prime crisis hit the country’s shores. He has to convince his fellow citizens that he can cope with an unpropitious global situation and keep the country on an even keel. He spoke to Eric Ellis.

Australia’s new finance minister still ha'national accountants body's to convince his fellow citizens that he can keep the economy on an even keel.

THERE MUST BE something in the water at Nambour State High School.

A rural secondary school in the heart of Australia’s semi-tropical, deep north, sugar-belt state of Queensland, Nambour High is a modest institution little different to the other state-funded schools of its type across middle Australia.

And the school motto – "Traditional values, modern education" – is hardly going to be sufficient to get students bounding from morning assembly to greatness in public life. There’s no noble carpe diem seizing Nambour’s day, none of Eton’s Latinesque flourish to inspire the fraternity from its playing fields to a glorious beyond.

But Nambour High is not only the alma mater of the relatively new Australian prime minister Kevin Rudd (the school’s head boy in 1974), barely a year in office after his Labor Party seized power from John Howard’s conservative Liberal Party last November.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.

By continuing to use & browse the site you agree to our Privacy Policy.
I agree