New Government renegs

SYDNEY (Thomson Financial) – The new Australian government will scrap a landmark deal to sell uranium to India for its nuclear energy program, Foreign Minister Stephen Smith said Tuesday.

The deal was struck by former premier John Howard last August, shortly before his conservative government was ousted in elections by Prime Minister Kevin Rudd’s Labor Party. Smith said he had told a visiting Indian envoy that the new government would not sell the nuclear fuel to any country which had not signed the Non-Proliferation Treaty (NPT).

Presuming this is true then the Left have won this round. Australia’s reputation suffers as well as our economy. We need them to go back on leave…the country’s was safer. I can imagine a host of other countries waiting for us to let them down…to reneg on signed deals for ideology alone. They’ll be looking up all their agreements with us – vetting them to ensure they meet the ideological standards of the ALP loonies and looking to count their losses and resolving to never deal with us again. Can’t blame them.