Ignoring all the warning signs

Escalating concerns over the debt crisis in the euro zone seem to have caused the Thai government to be terribly fearful.
PM Yingluck and the Pheu Thai Party, under the guidance of Thaksin Shinawatra, won by a landslide in the 2011 election because they promised to spend more on populist programmes than their competitors. As a result, two big problems have emerged:
First, Thailand has a very large stock of rice in hand – maintained at a very high cost – as a result of the government’s rice-price support scheme.  Second, Thai products have become more expensive since another Pheu Thai populist scheme started – the raising of the minimum wage to Bt300 a day nationwide.
Hence, if ever the problem in the euro zone escalates to the point that Thailand suffers severely, could it be said to have been because of the recklessness of these people?
Vint Chavala
Lamphun