Australian financial market is 'fragile but functional'

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Australian financial market is 'fragile but functional', says PM. AusPol 9News

Yesterday's unemployment figures were discussed, alongside a plan to get Australians back into jobs, Mr Morrison said."That is the curve we are now working on together. We noted during that briefing that the stability had returned to financial markets," he said.He also noted that "shock absorbers" such as subsidies and loan deferrals have limits, and the next step was to get money flowing back through the economy.

"They are not endless. They have capacities. And it's essential that, as we move forward, that we continue to enable the credit to flow through our banking system, to support those businesses who are taking decisions to reopen, to rehire, and to move ahead," Mr Morrison said.

 

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More virus visuals plz ch9, ch10 are doing a much better job of terrifying our children.

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