Asia’s View of the Greek Crisis
Asians have been watching the Greek debt crisis unfold with a mixture of envy and schadenfreude. When they experienced their own financial crisis in 1997, they were offered far less external aid and far harsher conditions to receive it, though they recovered much more strongly.
https://prosyn.org/ZTIpLve
SEOUL – Asian countries have been watching the Greek crisis unfold with a mixture of envy and schadenfreude. When they experienced their own financial crisis in 1997, they received far less aid, with far harsher conditions. But they also recovered much more strongly, suggesting that ever-growing bailouts may not be the best prescription for recovery.