The Wall Street Journal: Australia PM Turnbull says ready to step down if…

The Wall Street Journal: Australia PM Turnbull says ready to step down if…

Australia PM Turnbull says ready to step down if leadership vote called

SYDNEY— Australian Prime Minister Malcolm Turnbull said Thursday he would stand down if a majority of lawmakers in his center-right party call for a leadership vote.

His announcement comes as Peter Dutton, a former home affairs minister, canvasses colleagues within the ruling Liberal Party to unseat Turnbull.

Turnbull, a former Goldman Sachs banker and millionaire tech investor, is regarded as a liberal on social issues and has struggled to maintain the support of some voters who have been drifting toward populist and right wing parties, mirroring trends in Europe and the U.S.

Read: Australia bars China’s Huawei from its 5G mobile network

The continuing uncertainty has paralyzed the government for days and drawn criticism from corporate Australia, including the leaders of the country’s biggest gold miner and airline.

An expanded version of this story can be found at WSJ.com

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