Promises have been made, explanations given and accepted, and everyone is still on speaking terms. Certainly the tension and sense of crisis in the National-Maori Party relationship has eased but, of course, the underlying issue is far from being resolved. The promise not to legislate over any rights won in court is the major win for Turia and Sharples - see Adam Bennett's Maori Party leaders 'really pleased' with PM's meeting pledge. This had to be a bottom line for the relationship of a party forged in anger over Labour's overruling legislation on the foreshore and seabed. TVNZ's Corin Dann sees it as a positive outcome, at least in the meantime - see: Win-win for PM and Maori Party.
If National's commitment not to legislate is an absolute guarantee then it is a significant concession by National. It means that a negotiated settlement will be the only way forward if a court rules that Maori interests in water have to be formally recognised. But if the promise not to negotiate is only good for however long the coalition relationship lasts, then the practical effect is much more limited. The Maori Party would always have had have to walk away from the coalition if special legislation was used, so in this context the promise would really only be a statement of political reality - much like the PM's comments about the Waitangi Tribunal. Normally a messy coalition break-up would be damaging to both parties, but the brutal truth is that National could easily turn it to electoral advantage, even if accused (and being guilty) of bad faith. Gordon Campbell thinks a break is inevitable, particularly as welfare reforms and asset sales fallout takes a further toll on Maori party support - see: Water issue strains political ties.
For National, the statement by the Maori Party that they 'did not consider the debate to be one about ownership - "it is about protecting the rights and interests of hapu and iwi with respect to water"' is politically useful, but will have little impact on the legal and commercial realities during negotiations. Instead the Government will be attempting to make a deal (mainly) with the large iwi corporate bodies. It is difficult to see iwi being content with a consultative role and assurances that their current water use will be protected. Instead, shares, commercial exploitation rights and/or cold hard cash will almost certainly be in mix.
A tribunal ruling and court decisions favourable to Maori interests seem very possible according Mai Chen in a useful article looking at the legal precedents that the government will have to face up to: 'The unenviable position for the Crown to navigate is that there have been acknowledgments by the Government, and a legal history that recognises various forms of property rights and interests held by Maori in water. Any recommendations the tribunal makes, even if non-binding, will likely force the Crown to deal with the existing legal precedent' - see: Govt faced with uncomfortable water precedents.
The real reason for Why the Maori Party won't walk out is revealed by Patrick Leyland, with this quote from Pita Sharples in 2010: 'Actually, I got so used to the increase in salary I told the Prime Minister you'd better be good because if the other guys get in, I'll go sell myself over there to keep my ministerial salary. I just got a new house, man - I can't afford it on a backbencher salary so I'm up for grabs'. Obviously very much a tongue-in-cheek comment from Sharples - but unlikely to raise many laughs in 2012.