Swan named worlds top finance minister
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http://finance.ninemsn.com.au/newsbusiness/aap/8304697/swan-named-worlds-top-finance-minister
Treasurer Wayne Swan has been named Euromoney's Finance Minister of the Year, only the second time an Australian has won the prestigious award in its 29-year history.
The London-based finance magazine has awarded Mr Swan the title for his "careful stewardship" of Australia's finances and economic performance both during and since the global financial crisis.
"Throughout that time, Australia has not only avoided falling into recession, but has been the best performing of the world's developed market economies," Euromoney said in a statement on Wednesday (AEST).
It said that performance was confirmed when Australia posted 1.2 per cent growth in the June quarter of this year.
Former Labor treasurer (and later prime minister) Paul Keating won the award in 1984 - and was later referred to in some quarters as the "world's greatest treasurer".
But Australia's longest serving treasurer, Liberal Peter Costello, was overlooked during his near 12-year tenure.