Assessing Australia's double-dip firepower

Markets still hope Europe will 'muddle through', but while Australia has capacity to respond to a double dip, there are some differences to 2008 and not all are positive.

The markets may have been reassured by Mario Draghi’s "whatever it takes" jaw-boning overnight but while Europe continues to dither over a comprehensive response to its crisis the risk of another global crisis remains.

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