Congestion

So we've now got the small business lobby noticing the constriction on the roads, see the smh
....but government has been so busy accommodating the kindness brigade with 40km/h school zones, the traffic lights manufacturers with new sets of traffic lights, the locals with restricted side streets twisted, speed-bumped and stopsigned, the taxi lobby by opposing rideshares and the tollroads with funneling strategies they haven't noticed.
Seeing its an economic argument the government will likely want to jump,... but even they are constricted by their own policies, bureaucracies, ...

Inflating the Dollar (and Destroying the Local Economy)

In the grand tradition of "The Sorceror's Apprentice", Julia & Co have inflated the Australian dollar to the point where our farmers are selling up, our food processors are being liquidated and our new industrial and mining ventures are being shelved, priced out of global markets.
When we 99% are covering the bank's deposit holders from any loss for the next five years its little wonder shifting global funds are pricing up our AUD currency. Our depositors interest rate is already significantly better than America's.
All Swannie needs to do now is grab at super funds or swipe at negative gearing and J&Co will tip all the pricing models on their heads,...utter mayhem,... and we, the 99% will be wearing massive losses courtesy of Canberra guaranteeing these banks.

Default and Dominoes - Cypress

So Cypress has taken the less damaging option, given in to the realisation that they cant fund their own deposit insurance scheme if their banks go down.
But which other PIIGS country can? America could, they could print more money, so too the Brits but the countries bound by EU legislation cant source the QE to comprehensively guarantee their deposit insurance schemes. We dont even know if America would want to protect and cover deposit holders.
Have the EU financiers understood this? Cypriot haircuts are likely to prove highly contagious. Were it October and impending Winter in the PIIGS countries there would be certain economic terror and mayhem. Maybe the hopefulness of Spring will engender acceptance and thwart any impending run on the banks.
Otherwise the only solution is to have the ultimate guarantor of each countries deposit insurance schemes the EU itself, lest it hold any out of favour country to ransom.
This haircut to save the big financiers could easily be at the expense of the whole global economy.
As the economic policy is run by bankers, it will likely take a Grillo, to roll the austerity Monti's of the EU before any people powered economy can establish a sound and sustainable economy into the future.

Genious

You've got to hand it to our PM,
Just when Obeid was ready to steal all the top positions, media headlines Australia wide, Julia takes the day, (no mention of Orkopoulis) and puts o'Farrell in a bad light,.. for "as long as it takes".

muck, murk and media management

Yesterday one would've sworn Obeid would headline, but, our political genii Julia,

extraordinary timing,.... 
barry the "not perfect Catholic" deservedly upstaged.

Losers

To exacurbate the extremes of economic cycles is the way to loose funds for investors (buying high selling low). Our financially literate liberal party members and leaders most certainly understand this. To exacurbate the extremes of wider economic cycles is also the way to stress societies (expanding in the boom, contracting in the doom).

Inadvertently, the hard line ideals of our conservative government states is on the verge of committing all these ill conceived ideologies of policy into practise, personal investment knowledge and state policy totally schizophrenic--not aware they are side by side in mutual opposition - right hand not knowing what the left is doing. Emerging from party policy, in the blindness of politspeak, nothing learned from october 1929 and the many years of contraction that followed they are carreering into further contractive policies blighting our emerging future (generation).

Warren Buffet has prospered from counter-cyclical investment, government leaders should also be countercyclic, be trying to bring balance, to stabilise, save in the boom, support amidst doom.---or we will be the losers.

Budgets or Balance

Sure they want to balance the budget, but why be myopic and rigid. The real
job is to oversee a balanced state and a balanced state economy. That
intrinsicly means moderation. Thoughtful, well conceived changes, moderately
engaged that will bring society closer to what seems a healthy balance of all
factors - towards harmony, not jarring dissonance.
Germany has laws to allow reduction in work hours in a downturn/crisis. This
alleviates the turmoil of redundancy payments, corporate collapses, cents in
the dollar insolvencies....They provide relief amidst crisis (which pass)
then recoup after. By nurturing a stable society they can enjoy better
standards of living - reducing turmoil - destruction of value. Balancing
excesses is the secret to stability.