Indian investors contributed to about 24% of total Dubai property sales last year. UK real-estate buyers and investors ranked second in the list with 21% of total investment, while Pakistani and Iranian investors are at third and fourth positions having bought 12% and 13% respectively.
A majority of Germans want debt-ridden Greece to be thrown out of the euro-zone if necessary and more than two-thirds oppose handing Athens billions of euros in credit, says a recent poll.
Investors are making a big mistake if they assume that Greece is too small and unimportant to matter and that the rest of the developed world is somehow isolated from the turmoil. Greece is to sovereign debt what subprime was to private debt. It’s the possible start of a vast tsunami that threatens to overwhelm the global economic and financial system.