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Crisis averted? UAE offers Dubai bailout
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Monday, November 30, 2009
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From The Money Game:

As a potential financial crisis, traders have already forgotten about Dubai.

The key factor is that the UAE is backstopping banks, which, as we know from experience here, is the signal to go back to business as usual.

Bloomberg: The euro and the Australian dollar rose against the greenback and the yen after the United Arab Emirates’ central bank said it “stands behind” the country’s banks...

Read full article...

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Topics: Boondoggle | Middle East | Bailout
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