The Countries Most At Risk Are Four

By Author: Giuseppe Scimone
Total Articles: 62
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The acronym DGII running for months among analysts. E 'formed from the initials of countries took center stage for risky choice, if not unrealistic, with the aim of encouraging growth and national prestige. Local and international investors were attracted by the prospect of profiting big dividends, to pay a heavy price. The dreams were shattered in Dubai, Greece, Ireland and Iceland.
In the year that we have just left behind the decline in GDP is much greater than the rate of decline of 1, 1% assigned by the International Monetary Fund, the entire global scene.
DUBAI: The other day the tiny emirate in the Persian Gulf (3,888 square kilometers and 2.2 million counting the recent arrivals) has registered its name in the Guinness Book of Records with the opening of the Burj: With 828 yards to surpass far the Taipei Taiwan (508metri), the Malaysian Petronas Twin Towers (452m) and the Sears Tower in Chigaco (442m).
The colossal building, completed after six years of feverish work has led to disbursements for 4.5 billion dollars and Commitments 30.000 workers, the vast majority coming from India and Pakistan. And ...
... 'the flagship of the sixty Sheikh Mohammed bin Rashid al-Maktoum, who is not going to take him to the slim while in port. But the construction of the Burj (tower in Arabic) does not change the dire state of the finances the Dubai property market where prices have returned a good 50% in a few months and even before that executives of Dubai World - the largest consortium business area - ask for an extension to the commitments made 22 billion dollars with international lenders, with some British banks in the first row. For the research group Beltane Financial implications will shape the long future external relations of the emirate whose solvency has been maintained by brother Abu Dhabi Emirate (rich in hydrocarbon deposits that instead defect to Dubai) with a loan of 10 billion dollars . This explains the last minute the name of the skyscraper of primates has been changed to include the name of the emir ruler of Abu Dhabi.
GREECE: With the debt issued to 326 billion the Socialist government of George Papandreou, who took over last October at the Conservative Costas Keramanlis, has many fish to fry. The desperate quest to rehabilitation was made difficult by the decision of the three leading rating agencies to lower the voting strength of the country. The climate of instability is exacerbated by the prospect of rising to 18% in the number of unemployed.
Having suffered last year, a return of -2.5% in GDP, will be 'a success if by the end of 2010, Greece will be able to report them on solid ground.
IRELAND: The status of the Republic of Ireland where the Celtic Tiger has earned thanks to the significant economic growth fostered by the availability of skilled labor, low wages and tax incentives are particularly appreciated by companies across borders. The pronounced speculation, seconded superliberale Moving from a local bank, and a landslide in investments abroad were deleterious advance of GDP. According to the authoritative Economist Intelligence Unit growth will move this year to -2.5% from the exceptionally -7% in 2009.
ICELAND: Having contemptuously rejected many times the invitation to join the EU, forced to give up fishing for the decline of cod, Reykiavik develop the best cards on strengthening the service sector, primarily banks. In fact the three main banks Clintnir, Landsbanki and Kaupthing were encouraged to expand abroad, starting with the United Kingdom. But the credit crunch has not only dealt a fatal trip to the trio (replaced last summer by the name of Islandsbank, New Landsbanki and New Kaupthing) but in addition has left hundreds of thousands of small investors (including Britain) to deal with catastrophic losses .
Author: Giuseppe Scimone.