Configuration system failed to initialize ---- Help Please

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When i try to run my app I get this exception "Configuration system failed to initialize"
I recently added a datascource to the app and am assuming that something has gone wrong there but it was all working ok and then this error just started.
I assume its a problem with my appconfig file which ill post here I cant see anything wrong with it but.!!
Ive tried deleting the ConnectionString Section but nothing helps and i cant run my app at all!

Heeeeeelp!!

<?xml version="1.0" encoding="utf-8" ?>
<configuration>
<configSections>
</configSections>
<connectionStrings>
<add name="Bank.My.MySettings.AustralianConnectionString" connectionString="Provider=Microsoft.Jet.OLEDB.4.0;Data Source=&quot;C:Documents and SettingsMikeDesktopBank devCurrent AccountsAustralian.mdb&quot;"
providerName="System.Data.OleDb" />
</connectionStrings>
<appsettings>
<add key="appname" value="Bank.exe" />
</appsettings>
</configuration>



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