1Analysis of the momentous events of the past week. First New Zealand saw a change of government, followed by a freeze on foreign exchange dealing, then recognition of a grave currency crisis which developed into a Constitutional crisis. This was followed by a 20% devaluation of the New Zealand dollar, a three month price freeze, the lifting of interest rate controls, a drastic reduction in Supplementary Minimum Price Scheme (SMP) payments and the announcement that export incentives are to go.