Originally Posted by
LLuke
Nobody, no bank, is ever going to borrow a Dubai owned company a EUR,USD,RMB again if DPW/Nakheel defaults.
What makes you think that Dubai is any different to any other country in the world? - I've lost count of the amount of countries (and nations) around the world that have defaulted on loans but life has gone on.
Mexico, Russia and Argentina all defaulted on sovereign loans (Nakheel is not even sovereign), yet the worldwide banks soon went back to loaning money to them. GM defaulted 6 months ago - are you saying that nobody would ever loan to them again?.
there is an awful lot of hysteria around this weekend - must be Eid or something
