How to "European sovereign debt crisis " impact to Australia economics ?

European sovereign debt crisis, this is to relation to Australia economic ?|||It's not an easy question, but I think the Ausies are doing well at the moment. I suppose they can sell goods elswhere; they have that hughe Asian market and they make good use of it, while old Europe is simply too expensive in terms of costs per worker in relation to the aditional value of the production unit.