Comparing the debt crises in Dubai and Greece

* username: rupertbu

Due to the financial crisis a number of overleveraged countries have had to quickly make a plan to avoid default. This has sent shivers down the spine of stock markets. A market commentator makes some interesting observations as to why Dubai's troubles were defused while Greece lingers.

Ashraf Mohamed, head of capital markets at Regiments Fund Managers, gave his views in the Market Review podcast.

"The advantage for the UAE was that Abu Dhabi had a big chequebook. The problem for the euro area is that neither France, nor Germany actually have that chequebook because their commitments to pensions and to infrastructure is such that it will put themselves into deficit.