“The legacy of the former Liberal government is one that we should all want to own.

“There's no doubt this is difficult, dangerous, complex, and it's going to be a long haul contribution. There's no doubt about that.

But when we first came to office over a year ago we sat down and we very carefully went through whether we believe our ongoing contribution in Afghanistan was in our national interest.

We came strongly to the conclusion that Afghanistan, the Afghanistan Pakistan border area, is currently, regrettably, the hotbed of international terrorism.

One could ask the question: how did the financial system got us into such a mess?

First one has to look at the value of anything and nothing…

On average: