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Gina Rinehart Warns of Australia Moving Towards Becoming Another Greece, Spain or Portugal

Due to perceived bad policies put in place by the Gillard government, Australia's richest woman Gina Rinehart warned on Thursday that the country may risk following the model of financially challenged European nations.

"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," The Sydney Morning Herald quoted Ms Rinehart at the launch of her book titled Northern Australia and Then Some - Changes We Need to Make Our Country Rich.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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