State control alleged
Regulations announced by the Prime Minister, Sir Robert Muldoon, this week have effectively placed the entire finance sector under State control, according to the New Zealand Party. The party’s president, Mr Malcolm McDonald, said in Christchurch yesterday that part of the reason why the Government was forcing down interest rates was the need to find “the cheapest funding possible” for the Budget deficit.
“But when finance markets become State-con-trolled, which is the position we are now in, any responsible person must question the Government’s action,” he said.
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Press, 13 June 1984, Page 9
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90State control alleged Press, 13 June 1984, Page 9
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