Enough glitzy debt: time for regime change

Jo Tatchell Make no mistake,” a friend told me over lunch in Abu Dhabi a few months ago. “Everyone here knows Dubai’s in trouble, but this isn’t the new Lehman. Abu Dhabi will help them out but there will be a heavy price to pay. Dubai will soon be a suburb of Abu Dhabi.” While global financial markets nervously await clarification of Dubai’s debt restructuring, the Emirates are alive with talk of political change. Abu Dhabi’s refusal to sign a blank cheque to underwrite Dubai Inc has shocked the world far more than it has shocked the region. It has ... Leer más