Australia’s Floods Bill Climbs, Takes Toll on

- January 28th, 2011

Reuters.com reports that the Australian PM is feeling increasing pressure as Queensland’s coal exports are likely to be diminshed.

Reuters.com reports that the Australian PM is feeling increasing pressure as Queensland’s coal exports are likely to be diminshed.

The story is quoted as saying:

Underlying the scale of the task, the Queensland state government cut its 2010-11 (July/June) growth forecast to 1.25 percent from 3 percent before the floods, and estimated that the damage to that state alone would top $5 billion.

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