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Euromonia Infects Australia
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Euromonia Infects Australia

Our Correspondent
Nov 26, 2011
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Euromonia Infects Australia
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This column has repeatedly warned of Australia’s vulnerability due to its high level of foreign debt. No one took much notice when commodity prices were booming and Australians saw themselves as beneficiaries for many years to come of the China and other BRIC demand for raw materials. But all of a sudden the music has stopped.

Not only has the Aussie dol…

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