Philstar.com, 4 Dec 2008, Doreen Yu
HONG KONG – Before an audience held in rapt attention, Minister-Mentor Lee Kuan Yew of Singapore painted a dire world scenario, both in the short and the long term.
In a dialogue with former US President Bill Clinton at the Clinton Global Initiative-Asia here last Tuesday, Lee said he believed the current financial crisis will not be a short one, but whether it will be of medium or prolonged duration depends on what the US economic team tasked to sort out the mess will do in the next three to six months.
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