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Why are we contemplating saddling the Pacific with more debt?Given the Pacific’s debt is already about $5.5 billion, how is loading our neighbours up with more helpful? Because if we don't fill the vacuum, China will. Because the Pacific region is too weak to be financially independent and so it now depends upon Australia or China for support. Because it is important for us that they are not more indebted to China than to us. Secondly, it they are unable to pay, we'll probably just write it off, where the Chinese will take them over and they will become part of greater China.
Source: smh - 🏆 6. / 80 Read more »
Gunner's Christmas jeer: Deepening dissent and a debt crisis to drag onThe Territory's Aboriginal Affairs Minister Ken Vowles wishes the missing-in-action Chief Minister a merry Christmas while failing to offer his support.
Source: abcnews - 🏆 5. / 83 Read more »