PM: Malaysia won’t go bankrupt like Iceland and Greece
(Bernama) – Malaysia will not go bankrupt like Iceland and Greece following the nation’s success in maintaining its debt level under control and prudent measures taken to reduce debt rate, Prime Minister Najib Tun Razak told the Dewan Rakyat yesterday. He said the federal government’s financial position will be carefully planned, constantly monitored and strictly controlled with full …
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The Euro is under pressure: budget deficits spinning out of control,dwindling confidence in the common currency,and a national bankruptcy on the horizon. Criticism is focusing on Greece.It’s budget deficit in 2009 is almost 13 percent,and the worst is yet to come. Greece’s debt crisis could throw the currency union into crisis. The big question: can the European Union afford to let a member country go bankrupt? Report by Militades Arsenopoulus.