Following up on my last post, what the major banks have to say re - TopicsExpress

Following up on my last post, what the major banks have to say re budget. With billions of dollars of Coalition saving measures stalled in Parliament, Mr Hockey broke last week his promise to balance the budget by 2019, citing collapsing iron ore prices and a slowing global economy. A Sun-Herald survey of the big four banks, as well as six second-tier banks, including St George and the Bank of Melbourne, asked whether delays over the governments budget measures were harming the economy. ANZ chief executive Mike Smith said they were certainly not helping. They the government] have a clear mandate to govern and should be allowed to get on with it, he said, in a swipe at the Senate. CBA chief executive Ian Narev said when there was uncertainty in global markets, businesses wanted certainty in domestic policy. The senate in this country is causing major damage, they need to take a serious look at themselves and start working for Australia. smh.au/business/banks-sound-budget-alert-stalled-budget-hurting-economy-20141213-125ysq.html

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