Damien

Our problems seem to be manageable in contrast to Europe. Investors seem quite confident in buying our debt, safe-haven is the word I see in the papers frequently. Also we don't have as much exposure to the countries currently in economic peril (although we may well be badly exposed to banks that are badly exposed) although that is more a quirk of fate from our banks here rather than our government.

What our government can take credit for is their economic policy seems to have been well received by 'the markets' which has helped drive the aforementioned confidence, along with the fact that a government department I had never heard of (debt management) seems to have been doing a good job and ensured our debt is repayable over a longer period. So credit to them as well. Although you have to wonder about a situation where multiple governments are at the mercy of the markets, to the extent where leaders resign in order to 'calm' them. They all a bunch of paranoid hyper, coffee drinking, idiots if you ask me.