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Australia’s Morrison Wants Pensions to Fund Company Bailouts

  • Government ‘is not the only economic actor’ during the crisis
  • Fate of Virgin Australia Holdings is most pressing issue
Scott Morrison
Scott MorrisonPhotographer: Mark Graham/Bloomberg

Australia’s Prime Minister Scott Morrison wants the nation’s pension funds to take more action to cushion the blow from the coronavirus crisis.

In an interview with the Australian Broadcasting Corporation’s 7:30 program Thursday night, Morrison said the nation’s A$2.95 trillion ($1.9 trillion) pension pot should be used to bail out companies as the government “is not the only economic actor in this event.”