Sorry Wiz, can't find anything about "reneging on bonds" in that article, she was just talking about reorganization of debts and negotiating longer loan times...for the bonds of almost bankrupt states like Greece, Ireland, Spain, Italy, Belgium and Portugal.
Probably because Germany carries the main financial burden of all the recent bailouts in the EU!
Maybe you take another 0.3 secs and google "Dubai defaults on debts"
And where will you go in case the UAE does not honor its bonds....to the UAE courts?
The CONTRACT is just a worthless piece of paper that can be/has been "adjusted" to any extend by any other regulations...
