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FOREIGN DEBT: Last chance to avoid becoming a banana republic?

Patrick J. ByrneDec 22, 20075 min read

The new Rudd Labor Government must act decisively and soon to cut the foreign debt, warns Patrick J. Byrne.Will the new Prime Minister tackle the biggest crisis facing Australia’s economic future, the burgeoning foreign debt?Labor’s convincinging federal election victory was equally a repudiation of radical free-market policies of the past 25 years.Prime Minister Kevin Rudd now has an opportunity to set a new…

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