Flash Note - Dubai debt
| 03 December 2009 |
| Dubai debt fiasco a brutal reminder of lingering leverage The state-owned Dubai World's unilateral partial moratorium on debt repayment has proved a brutal reminder that excess leverage remains deeply embedded in the global financial system. |
 The 25th November announcement initially sent global markets plummeting. But fears that contagion might spread to the broader region now looks unlikely, leaving emerging debt markets with sound fundamentals still well positioned. |
| |
| (...) - continue in PDF download |
