Australia's banks appear to be strong as they are never scrutinized and are very protected, but they also have massive "off books debt"
Australia is not of the verge of being broke, but has squandered huge sums of money with useless expenditure and has wasted the opportunity to build cast iron sovereign bank balance to withstand anything that could be thrown our way in the future
As for comparing Australia against the rest, it is not a good measure as the worlds economy is run by the same failed economic "experts"
