Thursday, October 1, 2009

Severe shortage of cash

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 (647 views)
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One thought on “Severe shortage of cash

  • Maybe they should start taxing the businesses and high net worth individuals more heavily, rather than be bailed out………simples.

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