Peter Costello (Higgins, Liberal Party, Treasurer) Share this | Hansard source

We have done stress tests in relation to those banks and, as a consequence of those stress tests, the RBA, the IMF and the Australian government are satisfied that Australian banks, which are amongst the most profitable in the world, are not exposed in respect of their borrowings and are quite able to handle those borrowings. Let me repeat: unlike 1996, not a single dollar of foreign debt—

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