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THE Prime Minister, Julia Gillard, has rubbed salt into the wounds of European nations reeling from weekend credit downgrades, declaring they had it coming for avoiding tough decisions.
Speaking after Standard & Poor's stripped France and Austria of their AAA ratings and downgraded Italy, Portugal, Spain, Cyprus, Malta, the Slovak Republic and Slovenia, Ms Gillard said the moves were the "price to be paid" by governments that had put off reforms.
"In stark contrast to Europe", Australia had strict fiscal rules that would return it to surplus in 2012-13...
Speaking after Standard & Poor's stripped France and Austria of their AAA ratings and downgraded Italy, Portugal, Spain, Cyprus, Malta, the Slovak Republic and Slovenia, Ms Gillard said the moves were the "price to be paid" by governments that had put off reforms.
"In stark contrast to Europe", Australia had strict fiscal rules that would return it to surplus in 2012-13...

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