NZ's financial stability very worrying, intervention required, says JB Were

Mon, 17 Sep 2012

By Pattrick Smellie Sept. 17 (BusinessDesk) - New Zealand should be "very worried" about the stability of the country's financial system and active government support is required to save key regional industries, such as Solid Energy's Spring Creek coal mine, says a top strategist for Australasian broking house JB Were. Bernard Doyle, head of strategy in New Zealand, also argues the RBNZ should intervene to drop the value of the kiwi dollar. Prime Minister John Key dismissed concerns about an unstable financial system as "nonsense", but Doyle...

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