Is Thailand going blindly down the same path as Greece?
If one were to ask, "Are we there yet?" meaning are we approaching a similar dire economic situation as that facing Greece, the answer would be negative. Greece's public debt currently stands at 160 per cent of her GDP; ours is only 40 per cent.
But if one were to ask, "Is our economic behaviour, or rather policies, leading us towards a similar ruinous state of economic affairs as that of Greece?" the answer is "absolutely, yes". Perhaps,
in three or four years time, maybe sooner