The French government currently honors a very unusual debt contract: an annuity that was issued in 1738 and currently yields 1.20 Euros per year. I tell the story of this unique debt, which serves as an anecdotal but symbolic summary of …
The Oil Drum | Dubai's Debt Troubles: Beginning of the Next Leg Down?
Most of us have heard that Dubai World is asking for a six month delay in paying back its debt. The debt was supposedly backed by the Dubai government, so Standard & Poor’s considers this a default of the Dubai government. …
City in debt: Mobile's liability worries officials | Breaking News …
The city’s old debt payment schedule had totals of about $22 million for this year and next, followed by about $25 million a year until 2020. The payments then dropped to about $14 million a year until 2030. …
Dubai Debt: Dubai Financial Crisis To Hit All Countries | Breaking …
Dubai Debt: Dubai Financial Crisis To Hit All Countries. Dubai is stuck with a glut of real estate that no one wants to buy or rent. Creditors and, Online Breaking News Portal, Your Online News Channel for All Latest News.
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