27.11.2008 - Kuwait rescue falls short of panacea
From FT: It took demonstrations, litigation, a court-mandated stock market closure, a bank run and a donkey being dragged to the bourse to protest. Yet, in the end, the Kuwaiti government came through for embattled investors with a sweeping rescue package. Last week, the authorities promised to provide banks with extra liquidity, take unquoted assets off the hands of investment companies and prop up the Kuwait Stock Exchange through the country’s sovereign wealth fund. It is by some distance the biggest rescue package devised by a Gulf government to date..... Full Article: Source
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