Australia ‘well placed’ to deal with global downturn; RBA’s Battellino


Ric Battellino, deputy governor at the Reserve Bank of Australia, on Wednesday said the country was "well placed" to cope with the eurozone crisis and other international economic pressures.

Speaking at the Australasian Finance & Banking Conference in Sydney, he said he was "confident" that Australia, "with its strong government finances, resilient banking system, relatively low exposures to the troubled countries and strong links to the dynamic Asian region, is well placed to deal with events

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