PM looks to nationalise failing firms

Original article by Simon Benson
The Australian – Page: 1 & 4 : 20-Mar-20

The federal government may be forced to nationalise some companies as part of its response to the economic problems being caused by the coronavirus epidemic. Virgin Australia is cited as one company that the government cannot allow to fail, as having a domestic aviation network essentially dominated by one airline once the worst of the virus has passed would not be considered tolerable. Economist Chris Richardson notes that the government is going to have to spend huge amounts of money to fix the Australian economy "without batting an eyelid".


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