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]

Posted without comment. 

Reihan Salam — Reihan Salam is executive editor of National Review and a National Review Institute policy fellow.

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