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Page last updated at 07:38 GMT, Monday, 30 November 2009

Dubai 'could be bailed out'


State-owned Dubai World debt problems pose a problem not just for Dubai but potentially for the rest of the world.

The news that Dubai wanted to suspend payments on its debt shook worldwide financial markets last week but should it have been a shock?

Dr Christopher Davidson of Durham University argues that British banks were exposing themselves to risky foreign debt.

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