Coronavirus counterpunch turns to travel ban and volatile market in $100 billion 'bridge'

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One week since the Government's first stimulus package, the coronavirus response has swung towards keeping financial markets in order.

Mr Morrison scolded panic buyers to"stop it" yesterday,The Prime Minister said this behaviour was caused by Australians' anxiety but people needed to understand the nation had all the supplies it needed.

"While I did have a few stern words to say and my daughter said to me yesterday — 'It sounded like that's what you sometimes say to us, Dad' — and it was a bit like that," he said.He pledged to continue to calmly assure people of supplies"each and every day".Both Mr Morrison and Reserve Bank Governor Philip Lowe described their task as building a"bridge" to transport Australians across the coronavirus period.

The Government is finalising its second stimulus package, anticipated before the start of next week, but today the Treasurer and Prime Minister noted it would be:reflect the"much more significant" impact of the virus this week, compared to last weekThe Prime Minister also revealed he had started talking to banks about not foreclosing on people's mortgages.

 

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Air pollution has never been so low since the industrial revolution but don't worry...once we get rid of the Coronavirus we go back to normal and keep believing that the economy is all we should worry about. Covid_19 coronavirus

Buying government bonds doesn’t work when you hit 0% interest rates, and it will. Australia needs to pay the piper and suck it up. To much entitlement in this country.

put spin on anything to do with this government... give it a rest ChinaVirus ChineseWuhanVirus

ABC's coverage of the COVID-19 will be studied in the yrs to come on how a public funded news outlet completely lost it's way, & the damage it did to itself & Australia recovering from what is a one in a hundred yr social & economic uncertainty, weep for their glibness, 😢.

If we didn't have such a bloody big hole dug for us, we wouldn't need to build a fn bridge.

Can we not pretend there are fewer cases of Covid 19 today. We are not testing all of the people out there who are sick. They are just self isolating. Very convenient for government statistics. ShutTheSchoolsNow

Should have happened months ago

covid19australia Australia hits 692 COVID19 cases after hitting 567 yesterday yet still they wont ShutTheSchools auspol shut public transport, UNI's ext they are going to wait, like Italy & UK until health system is overrun to act :( coronavirus

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 /  🏆 5. in TH

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