COLUMNISTS Cinderella and the Global Financial Meltdown is not the sort of story you want to tell your children at bedtime. Not because it is frightening, though that it certainly is, but rather because the morality has gone all haywire.
Naturally, the ugly step-sisters, the world’s most profligate nations – foulest of them all, the binge-and-barf US – have got their comeuppance. But, unlike in the best fairytales, dutiful Cinderellas – the Asian savers who have sat quietly counting their pennies – have fared even more disastrously. “Diners Club” was always a more potent spell than the phoney “Decoupling”.
