Dr Cullen doesn't seem to think it urgent to extend the Government guarantee to international borrowings. Remember that later this week when the banks don't pass on the full amount of the OCR drop to household and business borrowers. And remember this when airports, ports and city councils can't borrow as much as they would like in the market. Remember this when you get handed your dismissal letter......
In other words Dr Cullen, if you want to win this election, pull finger. On this issue John Key is right. He knows how the international lending markets work.
