but the idea that after that nobody would lend a cent to anyone in Dubai is a bit far-fetched.
A straw-man argument. I'm not going to repeat myself over and over, but what do you think the "debt holiday" request was all about? The bosses were widely reported as doing the rounds in London last week trying to garner a loan to cover this bond falling due in December. They failed. That means NOBODY WAS PREPARED TO LEND them money in the required amounts. Will individuals in Dubai be able to lend a cent? Of course. Can DW loan billions in the world markets? Clearly not.
As to quoting the opinion of the head of HSBC- why bother? What would you expect him to say?
