Friday 11 November 2011

FT Alphaville » Bursting the MENA credit bubble

And now for something completely different..

Middle Eastern credit spreads could soon blow up amid an outbreak of political strife with potentially global consequences.

Another portion of grief to your plate then. In a report on Friday, Citigroup argued that investors are in no way compensated for political risk in the region, a prospect that could soon rear its head. It said (emphasis ours):

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