Oh yes it does!
Splurge on infrastructure and it\’ll all come rolling back in again won\’t it? No government went bust building houses and railways now, did it?
Traders feared that the request for a six-month standstill was a sign that the Dubai Government was struggling with its other debts – and that the full impact of the financial crisis globally may not yet be over.
The company has $60bn (£35.9bn) of liabilities from its various companies including Nakheel, the property firm behind the Palm Jumeirah, the world\’s biggest artificial island, and the Nakheel Tower, the world\’s tallest building at 1km high.
Bite me, Keynesians.