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Discipline key to avoiding financial crisis
News, Thitinan Pongsudhirak, Published on 24/07/2015
ยป Without exception, financial blow-ups require commensurate bailouts. The stories across global financial crises are fundamentally similar, and the ensuing blame game the same, from Greece's ongoing turmoil to Thailand's implosion almost two decades ago. Notwithstanding countless post-mortems so far and those on the way, the inescapable and essential lessons from the Greek debacle are simple: Beware of indebtedness, and incur debt with discipline.
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