From MarketWatch:
Singapore’s former prime minister and senior Cabinet member Lee Kuan Yew said that the city state had no plans to participate in a bailout [of European governments on the verge of sovereign default].
“We’re in no position to rescue the Europeans by buying their bonds. Nor do I think buying their bonds will necessarily rescue them,” Lee said in a video posted the Straits Times newspaper’s Web site. [Emphasis added]
Posted without comment.
