Granice zabezpieczeń kredytowych

Kenneth Rogoff: The Limits of Dubai: "Global investors are in a giant huff over Dubai’s decision to allow its flagship private company Dubai World to seek a six-month standstill (implying at least partial default) on payments on some $26 billion in debt. But what really upset investors was the realization that, in an over-leveraged world, some day untenable debt guarantees will have to be withdrawn."