criticalerror
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Simple not providing them conducive environment to prosper. Like low interest rates,competitive power and gas rates,costs of transportation and stable Forex etc.
Investors are like pigeons show them seeds they will all flock and show them a stone(NAB) they will all fly away. No one wants to invest in fledgling companies any more and hence the default.
No it was the companies that took more than they could pay back. Default doesn’t happen in 10 months. It happens over period of years.
Also NAB is necessary otherwise parliamentarians will be above the law. Investors that don’t do corruption or underhanded means have nothing to fear from NAB.