Monday April 6, 2020

Australia set to announce A$36 billion bailout package

The Australian prime minister will mark Australia Day tomorrow by announcing details of a A$36 billion package to combat the world economic downturn. Kevin Rudd delivered a series of addresses in state capitals last week, setting out how his Labour g

24th January, 2009

The Australian prime minister will mark Australia Day tomorrow by announcing details of a A$36 billion package to combat the world economic downturn. Kevin Rudd delivered a series of addresses in state capitals last week, setting out how his Labour government plans to respond to the economic situation.

He promised ‘‘a combination of steely economic management and compassion for those who need support’’. The Australian stock market fell by 43 per cent last year -...

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