Brian Gaynor: Shades of Muldoon in Cullen's edict - 08 Mar 2008 - NZ Herald: New Zealand Business, Markets, Currency and Personal Finance News: "Finance Minister Dr Michael Cullen's decision to effectively stymie the partial takeover offer for Auckland International Airport (AIA) is an unwanted reminder of the meddling policies of former Prime Minister Robert Muldoon.
Dr Cullen's edict was so appalling, and so inconsistent with his policies of the previous eight years, that one can only conclude it was strongly influenced by political considerations ahead of this year's general election.
A restriction on the overseas ownership of strategic assets is not uncommon in other countries, particularly Australia, but the timing and method of the AIA decision was totally unsatisfactory for investors and overall sharemarket confidence."
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