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Wayne Swan maintains it's not the place of finance ministers to make the final decision on funding. Full Article at ABC Online
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But I just would make this point - that it [the proposal] was raised in the context of countries where there had been massive bail-outs of the banking system. And that has not been the case in our country
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In the last couple of months or so the major banks have been raising term funding without the use of the guarantee. And to some extent the pricing mechanism that we put in encourages that to happen
