One way to ease liquidity for banks is that the government can buy all highly rated securities held by the banks. Every single bank in the U.A.E. has some sovereign debts in their portfolios. I am not asking them to buy any junk bonds, rather the high quality U.A.E. government debt.
In 'Honeymoon in Vegas,' after Nicolas Cage tells his fiancee that he's given her away to pay for his gambling debts, she gets into a tizzy as if she were a 6-year-old. I couldn't believe it.
There's one thing very important to me in business and for the long-term: always be honest with people. For the past 60 years, I always pay my debts.
Eurobonds are absolutely wrong. In order to bring about common interest rates, you need similar competitiveness levels, similar budget situations. You don't get them by collectivizing debts.
Forgiveness is enshrined in the Lord's prayer - forgive us our debts as we forgive our debtors. These scriptures point to the power of forgiveness not only as a way to absolve transgressions but to ensure that the person extending forgiveness will be forgiven of theirs.
Not so long ago, companies that borrowed lots of money were considered risky, appropriate only for daredevil stock pickers. Those with lots of cash on hand and few outstanding debts might be dull stocks, but they were at least safe bets for bondholders.
Further Education should be about the ability to learn, not the ability to pay - everyone who is able should have the opportunity, regardless of their family background. I don't want to see students struggling with huge debts or frightened off even going to university in the first place.