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NEWS UPDATES Asean Affairs                                 15  September 2011

Former Singapore says EU is doomed

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Former Singapore Prime Minister Lee Kuan Yew believes the euro zone cannot be saved, although the collapse of the currency union will be “a very painful business.”

Speaking at a dialogue on Wednesday to mark the seventh anniversary of the Lee Kuan Yew School of Public Policy, he said European leaders will try very hard to keep the euro zone from collapsing as this would be 'an admission that their aspiration of one Europe is not achievable'.

'But I do not see it being saved. But they'll try and keep it going.'

He was speaking in response to a participant asking if Singapore would buy the bonds of debt-ridden European countries. The participant was referring to reports that Italy had asked China to buy its bonds.



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ASEAN  ANALYSIS

This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 

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