Australia’s federal election has now gone into its second week of political deadlock. A report yesterday by the AFP, observes that both Prime Minister Julia Gillard and challenger Tony Abbott continue to try and win the favor of the independent lawmakers who will pretty much decide who will lead the country for the next three years.
Furthermore, according to rural MP Tony Windsor, there is even a 10 percent chance that Australians might have to go back to the polls. But he was also careful to point out that he doesn't think it's likely thanks to a 'genuine intent on behalf of both of the leaders to actually try to make something work...’
Meanwhile another article, this time in the Wall Street Journal this weekend has pointed out that this continued uncertainty in the country’s politics may indeed have dire consequences for its economy, possibly even altering ‘global perceptions of Australia as an investment destination,’ and thus ‘dealing a blow to a country seen as one of the Asia-Pacific region's most stable business environments.’ Another worrying assertion.