Former Treasurer Costello Discusses Australian Election

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Aug. 23 (Bloomberg) -- Former Australian Liberal Treasurer Peter Costello talks about the country's election and political outlook. Neither Prime Minister Julia Gillard nor opposition leader Tony Abbott gained an outright majority in the Aug. 21 election, meaning one side must win negotiations with independent lawmakers to form a government. Costello speaks from Melbourne with Bloomberg's Rishaad Salamat. (Source: Bloomberg)

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