Official: Dubai won’t need new debt bailout
Dubai’s top fiscal officials said Sunday the indebted city-state will likely not need another bailout, but noted that cash-boosting proposals such as asset sales and offering shares in state-run companies are under consideration.
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EU agrees on billion bailout loan for Ireland
European Union nations agreed to give €67.5 billion ($ 89.4 billion) in bailout loans to Ireland on Sunday to help it weather the cost of its massive banking crisis, and sketched out new rules for future emergencies in an effort to restore faith in the euro currency.
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