Thursday, Oct 01, 2009
Severe shortage of cash
The Telegraph: Bankrupt Cayman Islands to get £38m bail-out
After lengthy wrangling, the British overseas territory on Wednesday confirmed that it has finally secured permission from the UK to obtain a CI$50m (£38m) bail-out loan to plug a 35pc-40pc collapse in revenue this year.
Posted by devo @ 10:56 PM (298 views) Add Comment
1 Comment
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1. bystander said...
Maybe they should start taxing the businesses and high net worth individuals more heavily, rather than be bailed out.........simples.