Earthtimes.org, 20 Feb 2009
Singapore - Singapore Prime Minister Lee Hsien Long said the city-state's financial system must remain open to the world although the presence of foreign banks poses potential risks in the current economic downturn. "While we take reasonable safeguards, we must stay open to the world," Lee said Thursday night at a dinner to celebrate Standard Chartered Bank's 150th anniversary in Singapore. "Walling ourselves in does not mean that we would be safe; it just means we will starve."
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