Soros: Greece’s bankruptcy is not allowed
According to news channel Sky News, the international investor George Soros, despite large budget deficits and anxiety in the markets, are not allowed to believe that Greece's bankruptcy, he said.
Soros, "Greece is being pressured to adjust to the job, but Greece's failure to pay their debts in case I'm sure allowed to fall. The same thing applies to England," he said.
Soros, Dubai's two big companies claim the debt after the configuration, unable to pay the debts of some countries will fall on the road, but this situation is occurring in the markets concerns the possibility of the far, he said.
Soros,''insolvency concerns of the countries, but this remote possibility. Dubai has created the fear of public debt does not pay, but that lasted one day. "He said.
Markets were softer look to Dubai.
Dubai's problems, 26 billion dollar debt to the suspension on its way to the Dubai World company concerned is not limited to, disclosure has been made to this area since November 25 for the severely harmed investor confidence. Gulf stock markets across the country yesterday also lost significant value.
Dubai's fiscal authority responsible for Abdul Rahman al Salih, in a speech today that, "Of course, given the global markets and a strong psychological reactions are. But investors who have more information about the very, reactions began to soften," he said. Salih, to apply the changes that they are talented, but equally able to do that propaganda can not specify.
Investors and the media, how to re-configure the debt in a transparent and open is not enough, critics are saying Dubai.
Media's "blind panic" claiming to spread hand Salih, the explanation of the cause of the amount of debt subject to debt and debt of the state of knowledge of all basics from said relationship.
Mobius: Dubai will not go bankrupt, but …
Templeton Asset Management's Mark Mobius Founder of Emerging Countries Fund, the United Arab Emirates said that the problem of all real estate companies.
Mobius, cash flow-rich companies such as Emaar Properties, said that they are successful. Mobius, Dubai's bankruptcy and will not be saved, he added.
But Mobius, Mumbai and Shanghai, then to Dubai as the region likely to experience similar problems showed.
Meanwhile, the crisis in Dubai did not scare the Europeans. Swedish Finance Minister Anders Borg, European banks in Dubai said it was reasonable levels of risk.
Finance Minister Wouter Bos of the Netherlands, currently in a situation that requires extreme pessimistic not stated.
Finnish Finance Minister Jyrki arising from Dubai Katainen said did not see any serious risk.