Is Idris Jala a trained economist? 'Ridiculous to say M'sia will go bankrupt'

'Ridiculous to say M'sia will go bankrupt'

The conjecture that “Malaysia-will-go-bankrupt by 2019 like Greece if subsidies are not withdrawn”, while terribly dramatic, overlooks the country's key pre-emptive strengths to prevent such financial catastrophe – Malaysia's economic outlook, prudent financial management and tight monetary policies, said an Umno supreme council member, Norraesah Mohamad.

Norraesah Mohamad (a Sorbonne University-trained economist), in assessing Malaysia's economic position, said it was “ridiculous to subscribe to a formula” that Malaysia will be condemned to bankruptcy.