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The Republic of Ireland is one of the PIIGS in dire trouble.  The UK has more longer term debts and retain a high rating for their currency partly due to this - some debt goes out to 2056 and they appear to be moving more shorter term debt out in that direction.


Australian debt is very low considering the potential going forward. The Federal Government makes much of it. 4.75% interest rates point more to Federal Government plans going a might off course rather than others decisions on interest rates.

Afterall, the Labor Government shot itself in the foot and staggered over the line to stay in Government, what do you expect after that - no light finger on the tiller and more a flat footed approach with Julia pretending to march all over the shop.


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