30.09.2009 - Gulf banks must take responsibility for bad loans, says Oman official
From Gulf-times.com: Gulf banks should bear responsibility for their lending practices and governments must not create a precedent with bailouts, Oman’s central bank governor said. “Nobody should expect that governments are going to bail out the borrowers,” Hamud bin Sangur al-Zadjali told reporters at a news conference in Abu Dhabi yesterday following a meeting of Gulf central bank governors that he chaired....................Full Article: Source
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