Reserve Bank governor Alan Bollard delivered a speech to the Canterbury Employers’ Chamber of Commerce on Friday. Entitled A tale of two crises it covered both the economic threat posed to New Zealand by Europe's debt crisis, and the Canterbury earthquakes.
The first part of the speech covers Europe, the threats and opportunities for New Zealand and some scenarios for where the European problem may develop.
The Christchurch situation covers progress to date, issues with insurance and uncertainty, and the financial impact of the damage (international and domestic).
The speech is available here.