Does Dubai Matter? Ask Ireland
by Simon Johnson | November 30th, 2009 | 12:37 pmPresumably the rulers of Dubai and Abu Dhabi are currently locked in negotiations regarding the exact terms that will be attached to a “bailout” for Dubai World. We’ll never know the details but if—as seems likely—the final deal involves creditors taking some sort of hit (perhaps getting 75 cents in the dollar at the end [...]