The road to Athens is paved with good intentions, Finance Minister Bill English, told the National Party annual conference.
Evidence of how our economy could be be like Greece’s was portrayed in a graph which showed the net increase in jobs from 2002.
There was no net increase in jobs in agriculture and manufacturing in that period, they all came from the expansion of government spending, property boom and consumption fuelled by borrowing.
The previous administration’s tax and spend policies did absolutely nothing for real growth.
That is why this government is reining in public sector spending and addressing issues which hamper productivity.
He told us there would be no big-bang initiatives. The aim was for steady and broadly supported policies which over four or five years will make a real difference.
I’m very keen to give him the time to achieve that.