Paul Keating

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Keating, Paul

Keating, Paul, 1944–, Australian politician. A trade-union official and member of the Labor party, he was first elected to parliament in 1969. As federal treasurer (treasury minister) from 1983 to 1991 and deputy prime minister under Prime Minister Bob Hawke from 1990 to 1991, he advocated free-market economic policies designed to spur growth. In mid-1991 Keating challenged Hawke for party leadership; he lost and resigned his posts. A continuing recession eroded support for Hawke, however, and Keating replaced him at the end of 1991. In 1993 he led Labor to another electoral victory.

As prime minister, Keating moved to deregulate the financial markets and privatize government businesses, including the national airline. He emphasized Australia's ties with Asia and the importance of competing in a global economy. Keating also advocated Australia's withdrawal from even nominal British rule and its adoption of a purely republican mode of government. Although he initiated a number of successful free-market reforms, ongoing economic problems undid his administration. In the elections of 1996 Labor was defeated by a Liberal-National coalition led by John Howard. Keating stepped down as Labor party leader and then resigned his seat in parliament, ending a 27-year career in politics.

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References in periodicals archive ?
Controversial Sir Lynton, dubbed the Lizard of Oz, was handed a knighthood three weeks ago for "political service".
But the political strategist dubbed "the Lizard of Oz" needn't have been too bothered by that.
In 1992, then Australian Prime Minister Paul Keating caused a media frenzy in Britain when he was photographed placing his arm around the Queen, earning him the unflattering title Lizard of Oz.
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"The Lizard of Oz," based on a popular children's book, describing the adventures of an unlikely quartet - a tin man, lion, scarecrow and little girl - who are whisked away in a Kansas tornado and transplanted into space, where they meet up with the Geico gecko, given reduced rates on their car insurance and drive happily home.
Rudd said the story about Keating, dubbed "The Lizard of Oz" by British tabloids after placing a guiding hand on the Queen's back during a 1992 royal visit, was merely idle speculation.
Adam was claiming food poisoning--something about a bad roast beef sandwich--and I overheard Lizard complaining about an inured knee (and who could be surprised, after that triple kink rail from Lizard of Oz).
Hickman also presents performances of The Love Bug's Hug, The Lizard of Oz, and Weaving the Wild: The Art of the Bug Lady.
And it was in the capital's Parliament building that Mr Keating earned the nickname "Lizard of Oz" with his touch of the Royal back during the Queen's last tour Down Under.
THE creation of Sir Lizard of Oz would be a public service by David Cameron - because knighting Aussie election dingo and UK tax avoider Lynton Crosby would expose the stinking corruption of an honours system tainted by snobbery and villainy.
1) "The Lizard of Oz." This cult classic begins with a tornado that blows away a Midwestern farm family and leaves in its wake a horde of huge prehistoric creatures, including a Godzilla-sized gecko.