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Praise be to the modest spender

When Radosław Sikorski, Poland's foreign minister, went to Ukraine for talks last month, his Ukrainian counterparts reportedly laughed at him because he was wearing a Japanese quartz watch that cost only US$165. A Ukrainian newspaper reported on the preferences of Ukrainian ministers, several of whom have watches that cost more than US$30,000.

When Radosław Sikorski, Poland's foreign minister, went to Ukraine for talks last month, his Ukrainian counterparts reportedly laughed at him because he was wearing a Japanese quartz watch that cost only US$165. A Ukrainian newspaper reported on the preferences of Ukrainian ministers, several of whom have watches that cost more than US$30,000.

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