82,034
edits
David Lange: My Life: Difference between revisions
Jump to navigation
Jump to search
no edit summary
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 19: | Line 19: | ||
But Muldoon — still caretaker prime minister, pending the swearing-in of the new government, was not done with his wrecking. He promptly precipitated a constitutional crisis — and a dramatic run on the [[New Zealand dollar]] — by publicly refusing the new administration’s instruction to devalue the [[Kiwi]]. There was so little money left that Lange instructed New Zealand’s international diplomatic staff around the world to ''max out their credit cards'' so there would be money to pay the bills. | But Muldoon — still caretaker prime minister, pending the swearing-in of the new government, was not done with his wrecking. He promptly precipitated a constitutional crisis — and a dramatic run on the [[New Zealand dollar]] — by publicly refusing the new administration’s instruction to devalue the [[Kiwi]]. There was so little money left that Lange instructed New Zealand’s international diplomatic staff around the world to ''max out their credit cards'' so there would be money to pay the bills. | ||
{{quote| | {{quote|“We actually were reduced to asking our diplomatic posts abroad how much money they could draw down on their credit cards! That is the extent of the calamity that had been ground into us by the briefings that we’d got.”<ref>Marcia Russell, ''Revolution: New Zealand from Fortress to Free Market''.(1996)</ref>}} | ||
====In the end==== | ====In the end==== | ||