Mining investment boom exposes hypocrisy in claims of sovereign risk

Writing in the Business Day, Clancy Yeates launches a scathing attack on Australia’s mining industry.

Comparing Australia to Greece would be patently ridiculous to most people. Sure, things here are hardly perfect. But no one would dispute that the debt-stricken nation is another league, with increasingly bitter protests over budget cuts required as part of last week’s deal with its creditors. Despite these vast differences, conflating Australia’s situation with that of Greece is exactly what some in the business community are carelessly doing.