Ahead of further talks between the Coalition and senators that hold the balance of power in the Senate, Mr Robb warned that several multinational companies had flagged rising sovereign risk as a concern. “We are in the process of desperately trying to restore our gold standard,” Mr Robb told The Australian. “We are trying to correct a perception that was starting to evolve.
Trade Minister Andrew Robb has cautioned Australia’s position as the “gold standard” for foreign investors will be placed under threat if major reforms are not able to clear the Senate shortly, The Australian reports.
Read more here: Business Spectator