Insight

Insight for 6 May 2012 - Tonga: The Future

Karen Mangnall reports from Nuku'alofa onthe challenges facing Tonga and the new King.

 

tonga sailorsKing Tupou VI was installed as Tonga’s new Monarch at the end of March,  but his powers are very different to those held by his Father.

The King's brother, George Tupou V relinquished many of his powers as Tonga moved toward greater democracy.

Radio New Zealand's Pacific Correspondent, Karen Mangnall, was in Nukualofa for the late King's funeral and reports on what challenges might lie ahead for the new King.

Coming Up on Insight

8:12 am Sunday 12 July: Future Financial Stability

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( RNZ / Diego Opatowski )

Two months on from the Reserve Banks’ report on financial stability and the three areas identified as posing a risk have worsened.

The Auckland housing market continues to spiral upward, dairy prices are still in the doldrums and global financial conditions, at least in the case of Greece, are hitting crisis point.

Some commentators say this  country needs to alter course before there is a serious readjustment.

Others are more positive.

Philippa Tolley explores how worried New Zealanders should be about financial stability