Europe's politicians, like Australia's, have little grip on the real banking situation in their countries. And the market's belief that they'll wake up and flush the system with cash may or may not eventuate.
Despite a general understanding of the labour shortage in the mining sector, politicians have managed to stuff up the Enterprise Mining Agreement while union leaders once again show a total lack of leadership.
Treasurer Wayne Swan’s Budget might have grabbed the headlines for more than $32 billion worth of cuts and savings, but there was still plenty of money for programs and initiatives that are a little unusual.
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