New Zealand Prime Minister John Key won a second term in office
Key and his two sisters were raised in a state house in Christchurch by his Austrian Jewish immigrant mother.
Key, a 50-year-old multimillionaire and former foreign exchange head at Merrill Lynch & Co., faces the task of steering a recovery from New Zealand’s worst natural disaster in 80 years amid global economic turmoil. His government has pledged to sell part of its stake in four energy companies and the national airline to help erase a record NZ$18.4 billion ($13.6 billion) budget deficit.