Penny Wong (SA, Australian Labor Party, Minister for Finance and Deregulation) Share this | Hansard source

Thank you, Senator Moore, for the question. Certainly we have seen a lot of volatility in international markets in recent times. We have seen a concern, as people know, about those markets for a range of reasons, including what has occurred in the United States and in relation to Europe. The fact remains that Australia is better placed than just about any other nation to ride out the current global turbulence. Despite some difficult circumstances, Australians have good reasons to be confident. We have strong fundamentals and we are located in the fastest growing part of the global economy. One of the strengths to which we can point is an enviable fiscal position—one of the best in the developed world—and our highly credible fiscal strategy.