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Viewsroom

Viewsroom: Down Under’s upheaval

Viewsroom

Reuters

News

4.458 Ratings

🗓️ 14 February 2019

⏱️ 15 minutes

🧾️ Download transcript

Summary

Falling house prices and slowing Chinese growth are putting Australia’s record of almost 28 years of economic expansion at risk. The banking industry got dinged after a gripping year-long investigation. And a change of government looks likely. Breakingviews dives into the issues. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hear that? It's your big McDonald's hunger calling, because the Big Arch is back, and this time it's here to stay with juicy beef, cheddar cheese and that Big Arch sauce.

0:09.9

Hungry, you are now.

0:11.7

Order delivery on the McDonald's app.

0:15.0

Serve from 11am, upcharges and fees apply to delivery orders.

0:17.9

Subjects availability, price and participation may vary.

0:20.3

The views expressed on this podcast are those of the participants, not of Roiders' News.

0:30.1

Is Australia on the brink of economic and political upheaval?

0:34.1

That's the question we'll be tackling in this week's views room.

0:37.0

I'm Anthony Curry.

0:38.4

The citizens of the land down under look set to go to the polls in the next couple of months

0:42.2

to elect a new parliament and most signs point to Labour ousting the current minority liberal government.

0:48.4

They do so with house prices falling and some economic indicators looking pretty grim.

0:54.2

The banking sector has just been given a sharp racket across the knuckles,

0:57.5

and to cap it all, Australia has just emerged from a record-setting heat wave.

1:02.6

Two of our comrades are currently on a field trip to Australia's economic and financial centres

1:06.8

and join us via Skype from Sydney.

1:09.8

Clairéin Marquez and Jeff Goldfav, we bid you

1:12.5

good-day. Good morning. Good morning. So let's start with you, Clara. You and Jeff have chosen

1:17.5

quite an eventful week to visit Australia. The government's just lost a vote on a piece of its own

1:22.9

legislation, which I think is the first time in almost 80 years. And a judge has rejected an

1:27.3

application for an open cast coal mine, which I think is the first time in almost 80 years. And a judge has rejected an application for an open cast coal mine, which I think is another first.

1:30.6

So what are these two decisions, if anything, tell us about the state of play in Australia right now?

...

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