Picture Copyright World Economic Forum/Natalie Behring
And for something completely different the account by Khaleej Times (Dubai) of Lord Peter's speech.
“The British government will stand besides Dubai,” said Mandelson. “We do so not just because of the historical nature of the relationship between Britain and Dubai. We do so because we believe in Dubai, we are an admirer of Dubai and we believe in Dubai’s future. So it’s therefore not just the natural solidarity but it is self interest as well.”
The National in Abu Dhabi a slightly different take.
“Dubai has to be conscious of the fact that how it resolves its current problems and how it deals with its creditors will mean a great deal to the Dubai brand, its reputation and how it secures investment from overseas in the future,” he told a gathering of British business leaders in the emirate.
Lord Mandelson’s comments are likely to increase pressure on the Dubai Government to more swiftly conclude the restructuring announced late last year, including a proposed standstill on US$22 billion (Dh80.8bn) of debt.
I'm guessing it all comes down to where you sat. No, not at the speech. When you wrote your article.
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3 comments:
This idiot should NOT be lecturing anyone about debts, etc.
I know that much.
Where does he come from? The UK?
The only thing they have left is a three letter credit rating.
Let him worry about their own finances.
7indebo
Thanks for your comment.
I take it you have some pretty strong disagreements with Lord Peter's comments.
But it's not clear what you object to? Can you elaborate a bit?
Also, f I've understood your comment correctly, there are at least some of his points which you feel are foolish or stupid. If you're inclined can you highlight those as well.
Thanks
Well said.
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