New Zealand Prime Minister John Key Resigns

John Oliver will be devastated ...

Seriously though, this strikes me as a significant blow for New Zealand. From what I've seen of him, Key is one of the better world leaders and seems to have done a good job down there. I'm not surprised the markets reacted with a downgrade of the Kiwi dollar.

A cynical perspective might be that he wants to get out of the way of the recession next year when brexit/trump land.

But to be charitable, his stated family reasons are pretty admirable. Eight years is a long time in the public view.