Zealand in real terms. In February 2011, after a major earthquake in Christchurch the nation's second largest city significantly affected the national economy, the government formed the Canterbury Earthquake Recovery Authority. In its second term, Key's government implemented a policy of partial privatisation of five state-owned enterprises, while voters in a citizens-initiated referendum on the issue were 2 to 1 opposed to the policy. He also faced a severe housing crisis, especially in Auckland, and was widely criticised for a perceived lack of action. In foreign policy, Key withdrew New Zealand Defence Force personnel from their deployment in the war in Afghanistan, signed the Wellington Declaration with the United States and pushed for more nations to join the Trans-Pacific Partnership. Early life and education Key was born in Auckland to George Key (1914–1969) and Ruth Key (née Lazar; 1922–2000) on 9 August 1961. His father was an English immigrant and a veteran of the Spanish Civil War and World War II, who died of a heart attack when his son was eight years old. Key and his two sisters were raised in a state house in the Christchurch suburb of Bryndwr by his mother, an Austrian-Jewish refugee who escaped the Holocaust. Key is the third prime minister or premier of New Zealand to have Jewish ancestry, after Julius Vogel and Francis Bell. He attended Aorangi School, and then Burnside High School from 1975 to 1979, where he met his wife, Bronagh. He went on to attend the University of Canterbury and earned a Bachelor of Commerce degree in accounting in 1981. He also attended management studies courses at Harvard University. Career before politics Key's first job was as an auditor at McCulloch Menzies in 1982. He then became a project manager at Christchurch-based clothing manufacturer Lane Walker Rudkin for two years. He began working as a foreign exchange dealer at Elders Finance in Wellington, and rose to the position of head foreign exchange trader two years later, then moved to Auckland-based Bankers Trust in 1988. In 1995, he joined Merrill Lynch as head of Asian foreign exchange in Singapore. That same year he was promoted to Merrill's global head of foreign exchange, based in London, where he may have earned around US$2.25 million a year including bonuses, which is about NZ$5 million at 2001 exchange rates. Some co-workers called him "the smiling assassin" for maintaining his usual cheerfulness while sacking