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IS AUSTRALIA BENDING BACKWARDS TO ACCOMMODATE PNG’S MOST CORRUPT GOVERNMENT?

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by PETER WARINE

Australia’s nearest neighour and only colony, Papua New Guinea, is on the brink of economic collapse due to grand corruption and mismanagement of the O’Neill Government. The Public coffers have run dry early last year (2015) and PNG has there seems not much left to keep its head above the water. 

PNGs economic outlook is bleak. International Rating Agencies have all downgraded PNG to negative gradings. The O’Neill Government conducted roadshows around the world to secure some more loans to ease the cash flow and foreign reserve shortages but to no avail. Even treasury bonds were used to attract investors but were seen as mere toilet papers. 

The economic crises has escalated and literally, there is no money to pay the public servants salary –something that O’Neill wants covered all the time as a measure of control public dissent. Whilst trouble is brewing on the island of paradise, life is as usual downunder. Australia has never raised any form of mild disapproval on th…