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Posts tagged as “global financial crisis”

Stimulus Package: PM Kevin Rudd Address To The Nation

Prime Minister Kevin Rudd has delivered an Address to the Nation, following the announcement of the government’s second stimulus package.

Rudd and Treasurer Wayne Swan today announced a $42 million package of measures in response to the global financial crisis. The measures include a one-off $950 cash bonus to individuals. A home insulation program will be introduced, as will a program of new and upgraded buildings in schools, to be called Building the Education Revolution. There will be a black spots, boom gates, regional roads and community infrastructure program.

  • Listen to Rudd’s Address to the Nation (4m)

Transcript of Prime Minister Kevin Rudd’s Address to the Nation.

Good evening, in the last three months, the global financial crisis has deteriorated dramatically.

We now face a global economic recession – with a massive impact on jobs right across the world.

Global Financial Crisis: Federal Government Guarantees All Deposits For 3 Years

The Rudd Government is to guarantee all deposits in Australian banks and financial institutions for the next three years.

The decision was announced by the Prime Minister, Kevin Rudd, at a press conference in Canberra this afternoon.

Rudd described the international financial emergency as the equivalent of a full-blown national security crisis.

  • Listen to Rudd’s press conference – transcript below (24m)

Media release from Prime Minister Kevin Rudd.

Global Financial Crisis

Global financial markets are experiencing some of the most challenging conditions ever witnessed.
Malcolm Farnsworth
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