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Greek PM calls new election

Written By: - Date published: 6:34 am, August 21st, 2015 - 51 comments
Categories: accountability, capitalism, class war, International - Tags: ,

A bold move by an administration in an impossible position:

Greek bailout: Alexis Tsipras steps down to trigger new elections

Prime minister announces his resignation and paves way for general election, with 20 September predicted as most likely date for a poll

Seven months after he was elected on a promise to overturn austerity, the Greek prime minister, Alexis Tsipras, has announced he is stepping down to pave the way for snap elections next month.

As the debt-crippled country received the first tranche of a punishing new €86bn (£61bn) bailout, Tsipras said on Thursday he felt “a moral obligation to place this deal in front of the people, to allow them to judge … both what I have achieved, and my mistakes”. ….

Read on for more in The Guardian.

51 comments on “Greek PM calls new election”

  1. Draco T Bastard 1

    Interesting…

    I wonder if Syriza will now campaign on dropping out of the Euro. It’s the only choice that Greece has to return to prosperity.

    • nadis 1.1

      They should but its unlikely. Recent poll had Tsipras with 68% approval rating. Greeks clearly want to remain in the Euro. Bailout money is flowing with the Bundestag passing the bailout plan, so short term all the good things are happening.

      This election is about strengthening Tsipras position. Syriza will most likely fracture and the hard left leave to form a new minor party with little electoral impact. Right now, campaigning for Euro exit is an electoral non-starter, and never has been a solution the Greeks would have embraced any time in the last 5 years.

      Personally I think Greece will eventually leave the Euro – sometime in the next 12-18 months. Eventually the Germans will lose patience with the lack of tax and bureaucratic reform in Greece, and the Greeks will finally refuse or be unable to meet Euro demands for reform. Syriza is just as bad as previous governments in terms of cronyism, favouritism and corruption. The real irony is the whole swag of EURO zone countries that are no richer than Greece that are exporting aid to Greece (Slovenia, Portugal, Malta, Slovakia, Estonia, Lithuania, Latvia)

      Devaluation is their only real chance to return their economy to sustainable policy settings but unless they can implement serious internal reforms they are more likely to be Zimbabwe or Venezuela story rather than an Iceland story. Devaluation only works if the entire econmy and particular it’s export sector is able to capture and invest the benefits. Aside from tourism, Greece has no export sector.

      Interesting that the IMF is still refusing any kind of role in Greece despite European pressure, until the Europeans allow a significant reduction in debt burden.

      • Colonial Viper 1.1.1

        Personally I think Greece will eventually leave the Euro – sometime in the next 12-18 months. Eventually the Germans will lose patience with the lack of tax and bureaucratic reform in Greece, and the Greeks will finally refuse or be unable to meet Euro demands for reform.

        The Greek crisis has been very profitable for German industry and the German economy as a whole. It has kept the Euro weaker increasing German export competitiveness, and kept Bund rates low saving the German Government a huge amount in interest payments.

        The latest bailout package passed with a large majority through the Bundestag.

        And German companies will now be running Greece’s airports.

        What’s not to like, from the German point of view?

        • nadis 1.1.1.1

          Germany has done well out of the Euro but that’s not Greece. It is because of any country that has lower productivity growth than Germany – i.e., all of them.

          Greece has nothing to do with keeping bund rates low – that’s entirely due to German creditworthiness and now QE. In fact Greece and other countries have profited significantly from piggybacking on Europe’s term structure. Only two countries (France and Germany) have a lower debt burden (in terms of interest cost/per gdp) than Greece. Spain, Ireland, Portugal and Ireland all pay MORE than Greece. The average term of Greece’s debt is 16.5 years.

          Europe is in a middle land that ultimately doesnt work for anyone – they either neeed to be more like the US or less like the US, but where they are now doesnt work. Here’s a good article

          http://www.bloombergview.com/articles/2015-07-13/europe-s-insane-deal-with-greece:

          • Colonial Viper 1.1.1.1.1

            Greece has nothing to do with keeping bund rates low – that’s entirely due to German creditworthiness and now QE.

            ?

            You talk as if the Greek crisis has not been a major issue affecting investor confidence in the Eurozone.

            • nadis 1.1.1.1.1.1

              no – i talk as though low bund rates have nothing to do with the greek crisis. They were low beforehand and low afterward.

              • Colonial Viper

                I really have had enough of your bullshit pretend knowledge.

                Why don’t you go argue with Forbes and the Wall St Journal:

                Germany has a national debt, just like just about every other country does. So, it must pay out interest to those who hold that debt. And one of the effects of the Greek debt crisis has been that people have deided they’d really rather not be holding either Greek or other eurozone periphery debt. And that they really would like to be holding Bunds, that’s the German government debt. More people buying something pushes up the price and with bonds that’s the same as saying that the yield falls. And that’s exactly what has been happening. On short term debt (bills) Germany has been paying pretty much nothing (0.05% and the like, in normal terms for bonds this is spit and no more) and a little more for 10 and 30 year bonds.

                Now of course this doesn’t change by one single iota the amount that Germany must pay in interest on bonds it has already issued. But they do mature, in stages, and the country then issues more bonds to repay those that are maturing (Germany hasn’t had a budget deficit for a few years now, so it’s not issuing any to cover an ongoing deficit, it’s just refinancing the old stock, even then it’s running that stock down). Those refinancing bonds pay the newer much lower interest rates. And the calculation is that the interest savings have been as above, 300 basis points or 3%.

                The exact numbers? No, I’m not going to chew through them and it’s not necessary for you to either. We can do a rough check on this. Germany expects to issue around €180 billion of bonds this year, the longer bonds will be rolling over longer bonds which carried much higher interest rates. The bills, the short term stuff, will be rolling over bills that have already been paying the very low interest rates. But just back of the envelope stuff, call that €1 trillion of bonds refinanced over 5 years and that 300 basis points lowering of the issuance yield. Yes, OK, we can see that €100 billion sounds about the right ballpark for the savings.

                More detail here:

                http://www.forbes.com/sites/timworstall/2015/08/11/despite-losing-tens-of-billions-of-e-germany-is-making-a-profit-out-of-the-greek-crisis/

          • Draco T Bastard 1.1.1.1.2

            Europe is in a middle land that ultimately doesnt work for anyone – they either neeed to be more like the US or less like the US, but where they are now doesnt work.

            You’re correct in that the Euro and Europe isn’t actually working for anyone but they most definitely do not need to be more like the US. Why would anyone want more poverty, more violence and generally more of all the negatives? Hell, from what I can make out it is Europe trying to be more like the US that is the problem.

        • Jones 1.1.1.2

          Why buy the cow when you can milk it for free? Greece will be exited from the Euro when they have nothing left to sell to the German bankers.

        • dukeofurl 1.1.1.3

          Didnt they start running the airports back in 41…

          They even pioneered the tourist trade by sending passengers by air to Crete.

  2. Paul 2

    I just hope Syriza offers a radical solution for the Greeks to free them from the tyranny of corporate rule.
    The appalling treatment of the Greeks by the European bankers may sadly see the extreme right getting a foot in the door, as desperate people go for extreme measures to solve their plight.

  3. Blue Horsehoe 3

    Latest example of the cartels ability to overthrow elected governments

    • nadis 3.1

      No – Tsipras is doing this for consolidation of control reasons and will get re–elected.

      • Blue Horsehoe 3.1.1

        YES – He has failed to prevent austerity being forced onto Greece

        I understand what you’re saying, and you are probably correct that is what Tsipras has done

        This outcome was not his choice, tells you his hand was forced

        • nadis 3.1.1.1

          Why not his choice? Tsipras wants a mandate to continue with bail out program. The way to get that mandate is to win an election. sounds like his choice to me.

          Greece has two obvious choices.
          1.Accept the bailout terms, stay in the Euro.
          2. Leave the EUR, accept transitional aid, stay in the EU. Restructure debt. Regain sovereign control over all of economy.

          Both choices are on the table – the majority of the Greek population and Greek politicians are choosing #1. It’s called democracy.

          What isn’t on offer is choice #3.

          3. All the good bits of #1, all the good bits of #2, none of the bad bits.

          • Colonial Viper 3.1.1.1.1

            Germany should listen to the IMF and massively haircut the amount that Greece owes, instead of deliberately forcing Greece’s economy to contract further.

            • Gosman 3.1.1.1.1.1

              The majority of the German electorate it seems don’t want to give the Greek government a haircut it seems. At least there isn’t any major grass roots pressure in Germany demanding that their politicians do so.

              Syriza’s major mistake was to assume that simply having the Greeks vote for something like this the other nations of the Eurozone would agree. It suggests a degree of naivity or stupidity on their part that would be laughable if it didn’t have such a tragic outcome for the Greeks themselves.

              • dukeofurl

                The NSA would have been reading their internal communications and tipped off the Germans – too keep them sweet after they were sprung doing the same to Merkel.

                Syriza should have borrowed the GOP tactics in congress. Shut it all down, paralyse the complete EU system and the only comprise is every demand met.

  4. Gosman 4

    You are aware that Tsipras is likely to campaign FOR the reform programme he has signed up for aren’t you?

    I find the irony of an anti-Austerity party going to the polls to seek a mandate for austerity simply amazing.

    • Colonial Viper 4.1

      A small country of 12M is being crushed underfoot by the financial powers of Europe. What you see now is the outcome the financial powers of Europe wanted.

      What’s amazing about that? Just a simple variation of the standard Economic Hitman debt/economic extortion routine.

      • Gosman 4.1.1

        I keep telling you, and you keep ignoring it, Greece is free to reject the bail out terms and conditions. They will fall out of the Eurozone (and possibly the EU) and their economy will suffer much more than it is currently in the short term. They have that option but Syriza doesn’t want to take that for some reason. Why do you think that is?

        • Colonial Viper 4.1.1.1

          The Syriza electoral mandate was to stay in the Eurozone. Many Greeks still seem to want to stay in the Eurozone at any cost to their fellow countrymen.

          • Gosman 4.1.1.1.1

            That is correct. And the only way to stay in the Eurozone is to accept the conditions imposed by the other Eurozone members. It is quite simple. The only way the Greeks could hope to ‘vote’ against austerity is if the other nations took pity on them and gave in to the demands for more money without the same sort of strings attached. The Northern European members (more importantly the majority of their electorates) weren’t convinced by that argument. Syriza failed to end Austerity because the constinuency they had to convince wasn’t the ones that voted them in.

            • Colonial Viper 4.1.1.1.1.1

              The only way the Greeks could hope to ‘vote’ against austerity is if the other nations took pity on them and gave in to the demands for more money without the same sort of strings attached.

              Don’t be an idiot Gosman. Varoufakis and Tsipras weren’t asking the Eurogroup for “pity” – they were asking the Eurogroup for terms and conditions which would actually allow the debt to be paid back by growing the Greek economy.

              • Gosman

                Except the other nations didn’t trust the Greeks to do what they said they were going to do. The main reason for this is probably the Greek track record at following through on economic reforms. Billions of Euro’s have been transfered to the Greek state in the past (and continue to do so) from the rest of the EU. Instead of building a dynamic and productive economy the Greeks seem to have squandered much of this. Syriza’s reform programme was insuffiently detailed to convince the other nations that their new proposed way should be financed by them.

                • dukeofurl

                  LIke what reforms?

                  Oh yes, they have a closed market for pharmacys, which must be owned by a pharmacist and they cant own more than one.

                  WHich is exactly the situation in NZ.

                  Another reason for the government deficit spending was the high proportion of GDP spent on defence, up to 5%. Thats what belonging to Nato does to a country

          • Draco T Bastard 4.1.1.1.2

            The Syriza electoral mandate was to stay in the Eurozone.

            That was the electoral mandate several months ago. Things may have changed since then.

        • Draco T Bastard 4.1.1.2

          They will fall out of the Eurozone (and possibly the EU) and their economy will suffer much more than it is currently in the short term.

          Actually, I figure they won’t if they do it right.

          • Gosman 4.1.1.2.1

            Yeah but your ideas on economics are so radical not even the Socialists in places like Venezuela or Cuba follow them. It is unlikely the Greek government would do something along the same sort of lines.

            • Draco T Bastard 4.1.1.2.1.1

              Yes, it’s a major problem when reality is considered radical.

            • dukeofurl 4.1.1.2.1.2

              And your (Gosman) ideas are so impractical that when you get a neo-liberal MP, like Seymour, he has to disavow his policies as unworkable and give their constituents what they want.

    • Blue Horsehoe 4.2

      Gossip seems to be pleased with the crushing of humanity, death and misery

      DICK

      • Gosman 4.2.1

        No, I am truly applalled that the inevitable result of Big Government policies coupled with corruption and incompetence has led the Greeks to such economic ruin. I am merely pointing out (and have been dooing so since before Syriza was elected the first time) that the Greeks have little choice given their desire to keep being part of the Eurozone and EU.

        • Colonial Viper 4.2.1.1

          “Big Government” is not the issue: the issue is a financial system reliant on debt, and on debt to fund more debt.

          • Gosman 4.2.1.1.1

            Where did the money from the debt go C.V? Answer that question before you blame the financial system. If it went to rich prick Greek corporates then the Greek State should just take over the assets of these companies to recoup it. Syriza isn’t doing that for some reason.

            • Blue Horsehoe 4.2.1.1.1.1

              You have no fucken idea where the ‘money’ went either dickhead, despite your make believe financial nous

              Stop pretending the Greeks are in control, they clearly are not

              Hey look, the worlds under hundreds of Trillions on fiat debt

              Where did the ‘money’ go

              Knob end

              • Colonial Viper

                The answer to Gossie is quite clear: most of the money from that debt went to the 1%, and went to repay French and German banks as well as the French and German Government.

                • Blue Horsehoe

                  Yes, it is very clear where the money has gone

                  That gossip continues to pretend otherwise while smearing his shit around, reflects poorly that his handle has not managed to be permanently banned yet

                • Gosman

                  Then the Greek government should be demanding the 1% should give the funds back. Why isn’t Syriza asking for the money back or seizing the 1% Greek Assets?

                  • Colonial Viper

                    Syriza has no ability to seize bank accounts or financial portfolios held in Switzerland, the Caymans or Bermuda.

                    The Greek Government operates by rule of law, not by arbitrary expropriation.

                    Further, the Greek oligarchs still wield massive power in the country.

                    • Gosman

                      It isn’t arbitary expropriation. These funds were attained by corrupt methods (that is the only conclusion that can be reached from your position). They are therefore the ill gotten gains of crime and can be forfeited to the State. Even right wingers like me agree with that. As for them being in Tax havens like the Cayman islands (which I suspect you have no evidence for this) the Greek Government should be shouting this from high heaven. Given the fact the rest of the Eurozone would love it if the Greeks could finance their own budget themselves they would have a hiuge amount of support in applying pressure on these tax havens.

          • Gosman 4.2.1.1.2

            This is where both you and I will be in total agreement. If the debt that Greek State built up was corruptly used to line the nests of the rich and powerful then the Greek government now should use all in it’s power to make sure these people pay and their assets are seized. I see very little in the way of the Greeks doing this. Instead I see silly calls for multi-billion compensation from Germany for WWII, They should tackle the issues in your own country before they try to get money from others.

            • Colonial Viper 4.2.1.1.2.1

              The Greek government has no power to seize bank accounts held in Switzerland, Bermuda or the Caymans.

              Instead I see silly calls for multi-billion compensation from Germany for WWII, They should tackle the issues in your own country before they try to get money from others.

              Why? Germany should repay its debts if it is not willing to forgive debt like it was forgiven.

              • Gosman

                Forget them not having the power to do so. They are not even calling for the funds to be given back. Also these individuals are largely based in Greece. The Greek authorities could arrest them or at least seize their Greek assets. They are not even doing that.

                • Colonial Viper

                  The Syriza Government is not a government of pirates or bandits, Gosman.

                  But let’s get to the point – the Eurogroup have refused to give Greece reasonable and economically rational terms and conditions.

                  And Greece will pay a heavy price for its lack of negotiating power and leverage.

                  • adam

                    Greece does have one piece of leverage, and it’s quite a big piece of leverage. Crete and the NATO base there. That base means that NATO forces can fly pretty much all over the middle east and into south Russia.

                    Gosman, you need to look where a lot of this money from all the loans has/is going – do a google search – you may be shocked. Maybe not. I don’t know your opinion of spending that amount of money, on a portion of the state?

                  • Gosman

                    Demanding illegally attained funds be returned to the State (essentially what they are doing with Germany over the Nazi Debt) is not acting like a pirate.

                    I believe you can’t face the fact that the money did not go to the 1% like you believe but was actually spent quite legitimately by the Greek Government on things such as over staffed Hospitals and generous pension schemes.

                    Because it doesn’t fit your meme of “evil” Bankers and Rich Pricks screwing the nation you create this fiction of the funds being hidden away in overseas bank accounts in tax havens. The cognitive dissonance between your position and reality is wide indeed.

            • Tricledrown 4.2.1.1.2.2

              Goldman predatory practice’s lead by Goldman Sachs and its credit ratings lackies of bribing politicians bankers to load up Greece with debt it could never repay.
              Why not sure and arrest these companies.
              It won’t happen the head of Goldman Sachs Europe who was behind this corruption was made The Eurozone finance minister!
              Which suggests their is corruption at a much higher level.
              Lagarde Strauss Kahn and other world bank IMF officials found to be corrupt.
              Corruption is the problem.Greek politicians were wined and dined by these corrupt officials on the super yatchs of non taxpaying Greek tycoons.

              • Gosman

                Again I will ask you some simple questions.

                Where did the funds from this debt go?

                Why isn’t the Syriza government demanding the people who received it pay it back?

                • dukeofurl

                  So debts are never written off ?

                  Pleeeese. If all the local Banks didnt write off debt and forever kept it on their books waiting for payment- it would sink them.

                  Do you think the banks that lent money to the buyout for TV3 will ever get their money back? A quick visit to the company’s office ( electronically speaking) and it disappears and a new company rises from the ashes ( leaving IRD in the lurch as well!!!)

                  Then we start on US and UK banks…. but I dont have the time.

                  Then there’s GM, ….where did the money go you ask ….or not

                  If only you ran your beady eye over accepted capitalist practices

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    4 days ago
  • Corona fevers and the madness of models
    by Daphna Whitmore A third of the world is under lockdown and a clear assessment of this measure to curb the spread of COVID-19 is urgently needed.  With any high-stakes decisions it has to be asked what are we dealing with here? Are the measures warranted? Will they achieve their ...
    RedlineBy Daphna
    4 days ago
  • Lockdown day 8
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    The little pakehaBy chrismiller
    4 days ago
  • Backstage and Theatre
    The swan politicians may be gliding on the water, occasionally snapping at one another. Meanwhile, as the Covid19 crisis illustrates, the officials are desperately paddling below providing the real locomotion. One of the most fatuous recent grandstanding comments (of about a week ago), adding to the public’s anxieties, was ...
    PunditBy Brian Easton
    4 days ago
  • Legal Beagle: Waiver, the singular Crown and the conduct of Crown legal business
    Much has been written about the importance of discretion in an emergency situation, and the concerns raised by the potential for it to be exercised arbitrarily. Given the quality of the discussion, there seemed little point in adding to it at any length. In particular, I point to the evidence ...
    4 days ago
  • Highlights from Bauer Media’s science-related reporting
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    SciBlogsBy Sarah-Jane O'Connor
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  • Outsiders.
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    4 days ago
  • We have a right to know the rules we are expected to obey
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    No Right TurnBy Idiot/Savant
    4 days ago
  • Life in Lock Down: Day 7 (sanitised version)
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    Frankly SpeakingBy Frank Macskasy
    4 days ago
  • Life in Lock Down: Day 7
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    Frankly SpeakingBy Frank Macskasy
    4 days ago
  • RIP The Listener, New Zealand’s pioneering voice
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    PunditBy Tim Watkin
    4 days ago
  • OK, Britney: stop sniping at National for doing its job
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    PunditBy Liam Hehir
    5 days ago
  • Helpful tips for parents during lockdown
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    SciBlogsBy Guest Author
    5 days ago
  • Skeptical Science New Research for Week #13, 2020
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  • Hungary is now a dictatorship
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    No Right TurnBy Idiot/Savant
    5 days ago
  • A new Ministry of Works
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    No Right TurnBy Idiot/Savant
    5 days ago
  • Capture: Well spaced out
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    5 days ago
  • Life in Lock Down: Day 6
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    Frankly SpeakingBy Frank Macskasy
    5 days ago
  • March ’20 – NZ blogs sitemeter ranking
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    5 days ago
  • Hard News: Poll Pot and the partisans
    Yesterday's Horizon poll showing support for a "Yes" vote in this year's cannabis referendum sliding into the majority for the first time in a year looked like good news for reformers – and it probably is. But the result warrants some scrutiny.The poll is the fifth in a series commissioned ...
    5 days ago
  • Why those bubbles are so important
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    SciBlogsBy Siouxsie Wiles
    5 days ago
  • A Government System That Works
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    6 days ago
  • Smashing down the barriers: Where are we at with COVID vaccines?
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    SciBlogsBy Helen Petousis Harris
    6 days ago
  • National Network on Cuba (USA): “Cuban medical solidarity is a pillar of its society and is founde...
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    RedlineBy Admin
    6 days ago
  • Alarming decrease in calves increases fears for endangered Hector’s dolphin
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    SciBlogsBy Otago Marine Science
    6 days ago
  • Time for Grant Robertson to reveal package #2?
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    PunditBy Tim Watkin
    6 days ago
  • Saving lives
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    No Right TurnBy Idiot/Savant
    6 days ago
  • Life in Lock Down: Day 5
    . . March 30: Day five of living in lock-down… Woke up still in darkness. Alarm hadn’t gone off. Turn to radio clock; it’s a few minutes after 6am… I lie there in the dark, waiting to drift off to sleep… but it ain’t happening. Clock ticks over to 6.55 ...
    Frankly SpeakingBy Frank Macskasy
    6 days ago
  • Speaker: Les Gray: the man who told the truth
    The story of Les Gray, the public sector psychologist who told the truth about his use of cannabis and set off a storm, has a special place in the lore of cannabis reform in New Zealand.When Paul Shannon interviewed Gray for the 'Dope and Hope' issue of Planet magazine in ...
    6 days ago
  • Why now? Historical specificity and the perfect storm that has created trans identity politics
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    RedlineBy Admin
    1 week ago
  • Time for a living wage for supermarket workers
    Since the lockdown began, we've all suddenly been reminded who the actually essential workers in our society are: not the people at the top who pay themselves the big bucks and rort the perks, but the people at the bottom they screw over and squeeze: cleaners, warehouse staff, truck drivers ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Hard News: MUSIC: Lockdown Grooves
    Kia ora! As I've watched nearly all my remaining work vanish over the past couple of days, it has occured to me that one good way to keep me away from arguing with fools on Twitter all the time (in the knowledge that all we're really doing is processing our ...
    1 week ago
  • A place of greater safety?
    Aotearoa New Zealand has committed to trying to extirpate the virus that causes COVID-19 from its shores. To do that, as a society we’ve moved to “Level 4”. That means adapting to unprecedented restrictions on our personal freedoms, particularly to our rights to move freely and associate with friends and ...
    PunditBy Andrew Geddis
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  • The police and public trust
    When the Prime Minister declared a state of emergency last week, she handed the police powers to enforce it. And almost immediately, we started hearing about heavy-handed, arbitrary "enforcement" by police who (at best) cared more about order than law, or (more likely) had no idea what the rules were ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Life in Lock Down: Day 4
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    Frankly SpeakingBy Frank Macskasy
    1 week ago
  • COVID-19 vs New Zealand
    Yesterday, New Zealand recorded its first Covid-19 related death on the West Coast. Unfortunately this is unlikely to be the only fatality, with the virus now being found in every region of the country.However despite the significant danger, people are still unfortunately breaching lockdown rules.There’s really only one main very ...
    1 week ago
  • 2020 SkS Weekly Climate Change & Global Warming Digest #13
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    1 week ago
  • Rāhui day 4
    The kids did surprisingly well today – meltdown count was about 3, and mostly fairly short ones. (And a fourth while I was writing.) Game-wise I had a go at Fell Seal: Arbiter’s Mark. It’s a fairly standard RPG with turn-based combat and what they call a “mature storyline” (it ...
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    1 week ago
  • Letter to a friend
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    RedlineBy Daphna
    1 week ago
  • Life in Lock Down: Day 3
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    Frankly SpeakingBy Frank Macskasy
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  • 2020 SkS Weekly Climate Change & Global Warming News Roundup #13
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  • Rāhui day 3
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    The little pakehaBy chrismiller
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  • A test of civil society.
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    KiwipoliticoBy Pablo
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  • Life in Lock Down: Day 2
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    Frankly SpeakingBy Frank Macskasy
    1 week ago
  • How Do You Feel? What Do You Think?
    Fortune's Children: Under extraordinary pressure, the leader of the Government and the leader of the Opposition will each show us what they are made of. Have they been blessed with intelligence, grace, wit, poise, toughness, empathy and humour – and in what measure? More importantly, to what extent have they ...
    1 week ago
  • Landlords are NOT an essential service
    If you’ve ever had the misfortune of having to rent a property on the open market in New Zealand, which is one of the most expensive in the entire world, you’ll likely be keenly aware of just how arrogant and entitled landlords and their real estate agents can be.Unfortunately for ...
    1 week ago

  • New Zealanders in Peru to be assisted by Government charter flight
    The New Zealand Government has made arrangements to charter a flight for New Zealanders stranded in Peru to depart the country, following agreement with the Chilean government to allow the necessary transit through Chile, Foreign Affairs Minister Winston Peters announced today. “Like many travellers around the world at the moment, ...
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    4 hours ago
  • COVID-19 Hospital Preparation Well Advanced
    Hospital preparations for COVID-19 are well advanced says Health Minister David Clark. “Hospitals across New Zealand are repurposing buildings and training staff to get ready for COVID-19 patients. This gives me confidence that we are well prepared for any potential increase in COVID-19 patients needing hospital level care,” said David ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Further measures to support businesses
    The Government will be introducing legislation to make changes to the Companies Act to help companies facing insolvency due to COVID-19 to remain viable and keep New Zealanders in jobs. The temporary changes include: Giving directors of companies facing significant liquidity problems because of COVID-19 a ‘safe harbour’ from insolvency ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Govt’s COVID plan, economic strength recognised
    The Government’s plan to cushion the blow of COVID-19 by supporting incomes, jobs and businesses, and position the economy to recover has been backed by another international report. International credit rating agency Moody’s today reaffirmed its highest Aaa credit rating on New Zealand, saying the economy is expected to remain ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Funding certainty for sports through COVID-19
    National sports organisations have been given certainty of funding to ensure they can remain viable through the COVID-19 pandemic, Sport and Recreation Minister Grant Robertson announced today. “The global spread of COVID-19 has had a significant impact on sport and recreation in New Zealand, including the cancellation or postponement of ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Butchers now allowed to process pork
    Changes have been made to allow butchers to process pork, only for supply to supermarkets or other processors or retailers that are open, Agriculture Minister Damien O’Connor has announced. “We carefully weighed the risk of allowing butchers to open their shops for retail customers, but the risk of spreading COVID-19 ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Essential workers leave scheme established
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    BeehiveBy beehive.govt.nz
    4 days ago
  • Govt WhatsApp helps share COVID-19 information
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    BeehiveBy beehive.govt.nz
    4 days ago
  • Managed departure plan for stranded foreign nationals enables safe, orderly exit
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    4 days ago
  • Government delivers COVID-19 support to GPs and Pharmacies
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    4 days ago
  • Susan Thomas the new Chief High Court Judge
    Justice Susan Thomas has been appointed Chief High Court Judge, Attorney-General David Parker announced today.  She replaces Justice Geoffrey Venning who has resigned from the position.   David Parker paid tribute to Justice Venning, who he said had stewarded the High Court very capably over the last five years.   “On behalf ...
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    4 days ago
  • Business Finance Guarantee – applications open
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    5 days ago
  • Work starts on ways to fast-track consents to boost recovery from Covid-19 downturn
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    5 days ago
  • Advance payments to support contractors
    Advance payments will be made to transport construction industry contractors to retain the workforce and ensure it is ready to quickly gear up to build projects which will be vital to New Zealand’s COVID-19 economic recovery, Transport Minister Phil Twyford announced today. He said keeping the workforce required to build ...
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    6 days ago
  • Government seeks infrastructure projects
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    BeehiveBy beehive.govt.nz
    6 days ago
  • Health system scaled up to prepare for COVID-19
    Work to scale up the health system in preparation for COVID-19 was today outlined by Health Minister David Clark, as he reported back to the new Epidemic Response Committee. “We are well placed to contain the spread of COVID-19. We have taken early and decisive action at our borders, and ...
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    6 days ago
  • Essential media COVID-19 guidelines refined
    The Government is refining its COVID-19 essential business guidance to include the distribution of news publications for communities which are hard to reach. The Minister of Broadcasting, Communications and Digital Media, Kris Faafoi, said the move was in recognition of the importance for New Zealanders who might be harder to ...
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    6 days ago
  • Supermarkets able to open on Easter Sunday
    The Government is ensuring supermarkets can open on Easter Sunday so we can buy groceries, but stay closed on Good Friday allowing workers to take a break. This provides a balanced approach and ensures we avoid large queues that two days closure may cause. “Supermarkets will be able to open ...
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    6 days ago
  • New Zealand defence personnel conclude mission at Taji
    Following the successful conclusion of the Building Partner Capacity (BPC) mission at Taji, New Zealand defence personnel are returning to New Zealand from Iraq, in accordance with the Cabinet decision made in June 2019, Foreign Affairs Minister Winston Peters and Defence Minister Ron Mark announced today. “New Zealand is very ...
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    6 days ago
  • State of National Emergency extended
    The State of National Emergency to help stop the spread of COVID-19 has been extended for a further seven days, Minister of Civil Defence Peeni Henare said. The initial declaration on March 25 lasted seven days and can be extended as many times as necessary. “Since we went into isolation ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Strong Govt books support ‘go hard, go early’ response
    New Zealand’s ability to go hard and go early in the fight against COVID-19 has been underpinned by strong Government finances and the growing economy heading into this global pandemic, Finance Minister Grant Robertson says. The Treasury today released the Crown financial statements for the eight months to the end ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Christchurch Hospital Hagley ICU to open to support COVID-19 response
    Health Minister Dr David Clark says 36 new intensive care beds at Christchurch Hospital’s new Hagley building are being fast tracked so they are available for treatment of COVID-19 patients.   The Ministry of Health is working with contractor CPB and Canterbury DHB to enable access to the hospital’s ICU, ...
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    1 week ago
  • Government supports Air NZ freight flights
    The Government has fast-tracked up to $1 million to help Air New Zealand move urgent freight to and from New Zealand, with the first flight to Shanghai leaving tonight, Transport Minister Phil Twyford announced today. Phil Twyford says it’s crucial that trade in vital goods such as medical supplies and ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Tariff concessions on COVID-19 related products
    New Zealand will temporarily remove tariffs on all medical and hygiene imports needed for the COVID-19 response. Trade and Export Growth Minister David Parker and Commerce and Consumer Affairs Minister Kris Faafoi said today that the New Zealand Customs Service will apply tariff concessions to all diagnostic reagents and testing ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Clarification of modification to wage subsidy scheme
    Minister of Finance Grant Robertson has clarified that the changes to the wage subsidy scheme announced yesterday mean that employers should be passing on the full subsidy to workers, except in the case where the person’s normal income is less than the level of the subsidy. “We still want employers ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Face masks flowing to DHBs
    Medical face masks from the national reserve supply are now being distributed to District Health Boards, while at the same time local production is being ramped up. Yesterday more than 640,000 masks were sent to DHBS – that is an immediate two week supply, with more to follow in coming ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • COVID-19: Further steps to protect New Zealanders’ jobs
    The Government has made modifications to the wage subsidy scheme to ensure people don’t lose their jobs during the national lockdown. These changes will soften the impact of COVID-19 on workers, families and businesses, and position them to exit the lockdown and look to recovery, Finance Minister Grant Robertson says. ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Tax relief for Mycoplasma Bovis farmers
    Farmers whose herds were culled in response to the outbreak of Mycoplasma bovis will be able to minimise the tax treatment of their income in some circumstances. Revenue Minister Stuart Nash says Cabinet has agreed to change the law. It means farmers may be eligible to spread their income over ...
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    1 week ago
  • $27 million for NGOs and community groups to continue providing essential services
    A $27 million dollar package, effective immediately, is being provided to social sector services and community groups to ensure they can continue to provide essential support to communities as we stay at home as a nation to stop the spread of COVID-19, Minister for Social Development Carmel Sepuloni announced. “At ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Statement on guilty plea of March 15 terrorist
    “The guilty plea today will provide some relief to the many people whose lives were shattered by what happened on March 15,” Prime Minister Jacinda Ardern said. “These guilty pleas and conviction bring accountability for what happened and also save the families who lost loved ones, those who were injured, ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • COVID-19 updates
    The Prime Minister is holding daily press conferences to update New Zealanders on the Government's response to COVID-19. Links to videos and transcripts of these updates below. These transcripts also include All of Government press conferences led by Director Ministry of Health's Director-General of Health Dr Ashley Bloomfield. 25 March: Live update from the Prime ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Police numbers break through 10,000 mark
    Frontline Police numbers have broken through the 10,000 mark for the first time in history as officers step forward to keep the community safe during the COVID19 lockdown. “Two Police graduations in Auckland and Wellington in the past week have been conducted in unprecedented circumstances,” Police Minister Stuart Nash said. ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Urgent tax measures for economic recovery
    Urgent legislation has been passed to support the package of economic and social measures needed to recover from the impact of the coronavirus outbreak. “The COVID-19 Response (Taxation and Social Assistance Urgent Measures) Bill will cushion New Zealanders from the worst economic impacts of the COVID-19 outbreak,” said Revenue Minister ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Further support for farmers and growers as drought persists
    From tomorrow, Government support for farmers and growers affected by drought will be expanded and extended across the country, with access to Rural Assistance Payments (RAPS) available throughout the North Island, parts of the South Island and the Chatham Islands, Social Development Minister Carmel Sepuloni announced. “These challenging conditions have ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • COVID-19: Temporary changes to Education Act
    Parliament has passed amendments to legislation that give the Secretary of Education stronger powers to act in the fight to limit the spread of COVID-19, Education Minister Chris Hipkins said today. “They are part of a suite of changes passed under the COVID-19 Response (Urgent Management Measures) Legislation Bill,” Chris ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Canada, Australia, Chile, Brunei and Myanmar join NZ and Singapore in committing to keeping supply a...
    Canada, Australia, Chile, Brunei and Myanmar have joined forces with New Zealand and Singapore by committing to keep supply chains open and remove any existing trade restrictive measures on essential goods, especially medical supplies, in the face of the Covid-19 crisis.  Trade and Export Growth Minister David Parker today welcomed ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • COVID-19: Rent increase freeze and more protection for tenants
    Immediate freeze on rent increases Tenancies will not be terminated during the lock-down period, unless the parties agree, or in limited circumstances Tenants who had previously given notice can stay in their if they need to stay in the tenancy during the lock-down period Tenants will still be able to ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Working together to protect businesses and workers
    As New Zealand unites to lock-down in the fight against COVID-19, the Finance Minister is urging all businesses and workers to stay connected over the next four weeks. “We understand the extreme pressure many businesses are under right now. I know most business owners think of their workers as family ...
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    2 weeks ago
  • State of National Emergency declared to fight COVID-19
    A State of National Emergency has been declared across the country as the Government pulls out all the stops to curtail the spread of COVID-19. “Today we put in place our country’s second ever State of National Emergency as we fight a global pandemic, save New Zealanders’ lives and prevent ...
    BeehiveBy beehive.govt.nz
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  • Prime Minister’s statement on State of National Emergency and Epidemic Notice
    Mr Speaker I wish to make a Ministerial Statement under Standing Order 347 in relation to the recent declaration of a State of National Emergency. Having considered the advice of the Director Civil Defence Emergency Management, the Minister of Civil Defence declared a State of National Emergency for the whole of ...
    BeehiveBy beehive.govt.nz
    2 weeks ago