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November 27, 2011

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National Party back to power in NZ

THE ruling center-right National Party returned to power in a crushing win in New Zealand's general election yesterday and secured the backing of minor parties to ensure a majority for asset sales and welfare reforms.

National, led by former foreign exchange dealer John Key, was sitting on 48 percent share of the vote on election night. That would give the party 60 seats in the 121-seat house from its current 58.

Key was guaranteed a second three-year term with the return of current coalition partners, free-market ACT and centrist United Future, each with one member.

"New Zealand has voted for a brighter future, and there will be a brighter future," Key, 52, draped in blue and white streamers, told ecstatic supporters in Auckland.

The opposition Labour Party's share of the vote was around 27 percent, which would give it 34 seats, a loss of nine.

Of the other parties, the Greens were on track for 13 seats from their current nine.



 

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