In a speech typically high on emotion and rhetoric Winston Peters says:
We will use every ounce of influence after the next election and all the financial measures available to us to buy back Mighty River Power shares at a price no higher than originally paid for them.
The only way he can do this is to make it a bottom line in negotiations over supply and confidence with the party which will lead the next government.
It would mean that New Zealand First makes full state ownership of an energy company a higher priority than schools, hospitals, roads, irrigation and other assets.
It would mean that the party isn’t troubled by the prospect of sabotaging the value of public and private shareholdings and destabilising the share market.
It would mean that if New Zealand First held the balance of power, there would have to be another election.
The re-natonalisation of MRP would be a bottom line National wouldn’t accept.
And although David Shearer hasn’t quite ruled out buying back the shares in Mighty River he knows the cost and it’s one no party which wants to be regarded as a careful steward of the economy could contemplate.
If Peters is making it a bottom line he’s ruling his party out of government.
If he’s not then it’s just another example of his hot air.