The Agenda

Lee Kuan Yew Is An Astute Fellow

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]

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