Is Malaysia in danger of going bankrupt?

If Malaysia has more of the strengths of Japan and less of the weaknesses of Greece, we will have fewer worries

IN a recent speech, Datuk Seri Idris Jala warned that Malaysia could in 2019 end up bankrupt like Greece if the RM74bil annual subsidies are not slashed. That speech attracted a lot of flak, and has been dismissed as more of a “scare tactic” to jolt “us to not live beyond our means”. More of that later.