Monday, June 01, 2009

AsiaNews: Signs of a new financial storm for September coming from Dubai and Saudi Arabia by Maurizio d'Orlando

Dubai calls on the Rothschild bank for help, perhaps out of desperation. In Saudi Arabia a Saad Group company defaults. US, European and Asian banks are struggling. The end of Ramadan in September might mark the start of an economic depression worse than that of the 1930s.

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