Perhaps it would have been more prudent for the Dubai/Emirati government to have found a solution prior to them defaulting on their loans. The damage has now been done and the challenge is to limit the impact. Prevention would have been much better than cure.
The newspapers in Dubai are doing their level best to ignore the problem. I could see no mention of it at all in today's Khaleeji Times. One of Sheikh Mohammed's recent statements when asked about the crisis was that all the people complaining (ie the creditors??) were idiots who didn't understand. Sounds to me more like it's you and your government that doesn't understand the problem, Sheikh Mo. Go back to writing poetry and stop screwing up your economy.
Perhaps it would have been more prudent for the Dubai/Emirati government to have found a solution prior to them defaulting on their loans. The damage has now been done and the challenge is to limit the impact. Prevention would have been much better than cure.
The newspapers in Dubai are doing their level best to ignore the problem. I could see no mention of it at all in today's Khaleeji Times. One of Sheikh Mohammed's recent statements when asked about the crisis was that all the people complaining (ie the creditors??) were idiots who didn't understand. Sounds to me more like it's you and your government that doesn't understand the problem, Sheikh Mo. Go back to writing poetry and stop screwing up your economy.