Monday manifesto: is Singapore the canary in the mine?

Times Online
28 Jul 2008

The city-state’s Finance Minister argues that it is a barometer for all of Asia and will be uniquely tested by the credit crunch

t was the night before Singapore's Finance Minister was due to talk to The Times and a more internationally recognisable voice of the city-state was out and about in full, hectoring flow.

Lee Kuan Yew, the octogenarian statesman who looms over the Singaporean Government as its “Minister Mentor”, was opening an event at one of the city's swish hotels. If voters were ever gripped by the “sheer madness” of electing a member of the opposition, Mr Lee said, in a typical bit of carrot-and-stick politicking, it would take “only five years” to ruin Singapore completely.

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