Dubai Staggered.

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Dubai staggered. Nov 26, 2009
I found this information on the polish -tvn24.pl- side and after translating I decided to put that. How to it do you refer?

Dubai World has trouble. This flag government investment name which is standing behind the intense urban planning development of Dubai, asked creditors to delay the repayment of liabilities for half a year. Dubai World debts reach 59 billion dollars - is writing "Financial the Times". The information caused falls on stock exchanges in entire Europe.

Falls on fairs and shock amongst investors - it is a reaction to announcements of authorities of Dubai, that for rescheduling the repayment parts of the debt will turn to Dubai World creditors. Investors worldwide got scared, that money could lend European banks to Dubai - therefore shares of some of them became cheaper today to the rock bottom for half a year.

- What is most interesting in problems with the debt, admittedly the country can stop paying the debt off on time. Therefore investors are starting withdrawing money from there. To the market a huge risk is coming back - what one can see in sharp decreases in share prices on stock exchanges - Nick Hasting is commenting, older correspondent in Dow Newswires Jones.

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