22 May, 2010

Economic News Update 21-May-10

Dubai reaches another agreement with creditors to postpone repayments (and pay low interest rates in the meantime). “It’s fair to say terms of the deal are not commercially attractive, but it’s better than the other option, which is not to repay at all,” said Paul Cooper, managing director at Sarasin-Alpen & Partners Ltd. in Dubai.

Will the Euro die ? Matthew Lynn seems to think so.

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