- MarketPulse - https://www.marketpulse.com -

Australian PM Survives Leadership Challenge

Conservative Australian Prime Minister Tony Abbott survived a challenge to his leadership on Monday after his ruling Liberal Party voted down an attempt to unseat him after weeks of infighting that had threatened to derail his government.

In a secret party room ballot, the vote to declare the positions of party leader and deputy leader vacant was defeated by 61 votes to 39, chief party whip Philip Ruddock told reporters.

Despite having survived the vote, a consensus was forming across Australian media that the large number of votes against Abbott indicated a lack of support so damaging as to potentially render him a lame duck.

CNBC [1]

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.


Latest posts by marketpulsefxstaff (see all [4])