National welcomes deposits move
National welcomes deposits move
National Leader John Key today welcomed the move to implement a deposit guarantee scheme.
“As I have said on several occasions in recent days, the National Party will support measures to protect the stability of our financial markets and I specifically identified a deposit guarantee scheme as one such measure we would support.
“While New Zealand’s banking system continues to be sound, with international moves including that by Australia to implement a deposit guarantee system, this is an inevitable and sensible step.
“My Finance Spokesman, Bill English, will be briefed by the Reserve Bank tomorrow, and we would expect the Government to set up a fully bipartisan process for thrashing out the details.”
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