`Australia risks becoming another Greece, Spain’
Sydney: The world`s richest woman, Gina Rinehart, has warned that Australia could become another ‘Greece, Spain or Portugal’ unless it cuts government debt and lifts its competitiveness.
The Australian mining magnate said there are ‘too many heads buried in the sand’ regarding bloated government spending and policies she claims are anti-business.
Rinehart said investors who are critical to the nation`s welfare are "discouraged by bad policies, even hated".
“We need to earn revenue before we can spend it, we need to focus more on the earning, not just the spending, and for this we need to have a good environment to make investment welcome,” News.com.au quoted Rinehart, as saying.
According to the report, her remarks came as she launched her first book, Northern Australia and Then Some: Changes We Need to Make Our Country Rich, at a private Brisbane function on Friday.
The book promises to give readers ‘a comprehensive insight’ into her ‘thoughts about national prosperity and an intimate glimpse of the life and times of this prominent Australian,’ the report said.
More from India
More from World
More from Sports
More from Entertaiment
- Why do politicians show concern about Dalits during elections only?
- Why do politicians show concern about Dalits during elections only? Part II
- Why do politicians show concern about Dalits during elections only? Part III
- Why do politicians show concern about Dalits during elections only? Part IV
- Rajinikanth's 'Kabali' releases early morning at 6 am in Mumbai!
- Graft case: Court seeks CBI's reply on accused bail plea
- Aussie legend Craig McDermott hails Ishant Sharma as a real workhorse
- Spain seeks `urgent` answers from London after nuclear sub collision
- Tinder rolls out its new feature in India
- Transgenders to soon be categorised as 'third gender', can change gender after sex-change surgery