2009-11-30 18:42:44

Dubai Government Disclaims Responsibility for Bank Debts


(30 Nov 09 - RV) The Dubai government disclaimed responsibility for the debts of Dubai World today, dealing a blow to creditors' assumptions that the Arab emirate would guarantee the conglomerate's liabilities. There was worry that a debt default could touch off a new round of credit market worries, which plagued worldwide stocks last year. The director of the Acton Institute’s Rome office, Kishore Jayabalan, told us that global economic woes are far from over: RealAudioMP3







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