Devaluation debate clouds Australia’s economic health
Labor figures accuse the caretaker Government of mismanaging the economy and fuelling speculation after a 175 per cent devaluation of the Australian dollar. Treasurer Lynch defends policy, saying inflation is stabilizing and growth is on track, while opposition Leader Whitlam condemns devaluation as panic. The Parliament’s divisions end with government votes, Senators debate continued blame.
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Lynch
House of Representatives
Labor
Hayden
National Country Party
Australia
Foundatio
Organisation of Economic Co-operation and Development
Firesent
Whitlam
Venee
Fraser
Partaas
Thes Aehians
Whitley
Labor Party
Butt
Autonopokesmtiai
Furford
Fraser Sid
Ead
Senate
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