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
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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.”