[pima.nius] Tongan PM denounces report on dire Tongan finances

Tongan PM denounces report on dire Tongan finances

http://www.radioaustralia.net.au/pacbeat/stories/201012/s3089479.htm

Updated December 9, 2010 18:12:17

Tonga's prime minister has denounced an anonymous report alleging the country is "virtually bankrupt".

Dr Fred Sevele says while the country faces economic difficulties, the government can still pay its wages bill and has never defaulted on its loans.

He's criticised a New Zealand academic for saying the report indicates Tonga is the equivalent of an insolvent organisation.

The report was supplied anonymously to Professor Bill Hodge, of the Law Faculty at Auckland University, who says it shows an economy in dire straits.

Presenter: Bruce Hill
Speakers: Tonga's prime minister, Dr Fred Sevele; Professor Bill Hodge, of the Law Faculty at Auckland University

• Listen:
• Windows Media

--
----------------------------------------
pacific islands media association
pima.nius@gmail.com
aotearoa, new zealand
----------------------------------------
The pima.nius googlegroup is a facility for discussion and distributing information. Content sent by this googlegroup are forwarded from various networks and media publications.
 
DISCLAIMER: These emails are unedited and discussions made through this googlegroup are unmoderated. Announcements made through this googlegroup do not constitute endorsement for the organisations, individuals or opinions featured. Please check the integrity of organisations and individuals before exchanging personal information with them.
 
- - - - - - - - -
comment here:
http://groups.google.com/group/pima-nius/topics?hl=en
 
send an email comment here:
pima-nius@googlegroups.com
 
unsubscribe:
pima-nius+unsubscribe@googlegroups.com
 
more options
http://groups.google.com/group/pima-nius?hl=en?hl=en
 
- - - - - - - - -