European finance ministers said on Tuesday they saw only limited fallout from Dubai's debt troubles but that it showed the global financial crisis had yet to end. Ministers from the euro currency zone sounded cautiously confident about potential problems beyond the Gulf as financial markets recouped some of the losses incurred after Dubai World holding company said last week it could not pay its debts. Swedish Finance Minister Anders Borg, arriving for talks in Brussels on reducing deficits and tightening financial regulation following recession in Europe, said European bank exposure appeared so far to be "reasonable."
12/1/09
Euro Ministers Hope Dubai Fallout Limited - NYTimes.com
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