We hear a lot about "GOLDEN RULES" but on one occasion I saw a golden rule in action !!!
I had to go to Venezuela on a business trip more than 20 years ago, to visit a subsidiary company. While I was there I noticed that shops were closed and looked empty. The shop I had first noticed sold refrigerators and other household goods.
I asked the person with whom I was working on this trip what the reason was for this.
He replied quite simply that the budget for imports was limited. When there was no more money available, one could not get import licences for certain goods anymore !!!
Angela Merkel has another golden rule !!! Such rules can be very effective !!!
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