Economics Editor, The Age
Austerity measures hard at work in the UK!
Funny - the government doesnt seem to get any credit for its defeat of the GFC except in blogs...
We haven't had our giant property bubble burst yet - these other countries have or were more directly affected by those that did.So, still too early to tell. If we have GFC-II it will really just be an extension of GFC-I and not something new.
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