Rinehart deplores too many heads buried in the sand

MINING billionaire Gina Rinehart has warned that Australia must not continue on a course towards being another Greece, Spain or Portugal, as she launched her new book in Sydney and Brisbane on Thursday.

Mrs Rinehart has been a passionate critic of the mining and carbon taxes, and said too few Australians realised the consequences of the nation's declining competitiveness.

"We don't want to see Australia continue on a course with too many heads buried in the sand, critical investors discouraged by bad policies, even hated, too few understanding the problems while Australia moves towards being another Greece, Spain or Portugal," she said.

Gina Rinehart said too few Australians realised the consequences of the nation's declining competitiveness. Photo: Rob Homer

"We need to focus on earning, not spending and we need to have a good environment for investment."

Read more at Brisbanetimes.com.au



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