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Tuesday, May 15, 2012
Faced with strengthening economic headwinds, plunging tax revenues and a wider-than-anticipated budget deficit, Australian Treasurer Wayne Swan has just performed that manoeuvre so familiar to politicians around the world faced with adverse circumstances at budget time – the u-turn.
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Monday, September 5, 2011
Yoshihiko Noda has become Japan's sixth Prime Minister in six years since Junichiro's Koizumi's five-year spell as PM ended in 2006, a revolving door of leaders indicative of the political elite's failure to get to grips with the country's deep-seated fiscal problems which have piled up following two decades of economic stagnation.
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