How should the australian budget respond to european debt crisis?

How should the budget be adjusted to respond to european debt crisis so australia doesn't get affected heavily?|||Australia needs to tighten its belt and not go further into debt. Government spending must be brought under control.|||Deficit government spending should be eliminated. Spending money they don't have is the root of the problem for any government. Overspending is justified by the notion that the taxpayer had endlessly deep pockets and that taxes can be raised indefinitely.|||Cut spending substantially. Reckless spending on social programs isn't going to help create a more stable economy.