In Auckland more land is being made available but developments need to be approved and implemented, and construction needs to be consented and undertaken in scale. In Christchurch it is apparent that the consenting process has been improved, but risks remain around the slow pace of insurance settlements, particularly in the areas where land damage has been sustained.
José Manuel González-Páramo: The ECB’s monetary policy during the crisis Closing speech by Mr José Manuel González-Páramo, Member of the Executive Board of the European Central Bank, at the Tenth Economic Policy Conference, Málaga, 21 October 2011.