House prices at risk from Europe crisis

What an irony it would be if, just as our esteemed leaders finally squeezed their resources tax through parliament, there were no super profits left to tax.

If things keep heading south on world markets, the most the Mineral Resources Rent Tax will raise is a few musty old coins and some pocket fluff.

But that is the least of the government's worries. As outgoing Commonwealth Bank chief Ralph Norris has told BusinessDay, the sovereign debt crisis in Europe is threatening to descend into a fully-fledged credit crisis where banks stop lending to each other.    Read More