Latest update: 27/11/2009 

- Catholic Church - crime - culture - debt - Dubai - Economic crisis - France - Ireland - paedophilia


Dubai: "Panic spreads in stock markets"

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In today’s press review, we look at Dubai’s main investment company that announced a $59 billion debt.

IN THE PAPERS
By Aurore Cloe DUPUIS

Le Figaro talks about “panic spreading in the markets”. Dubai’s main investment company has a debt of almost $60 billion and it has asked for more time to repay its creditors.

As a result, global stock markets were affected: CAC 40, DAX and FOOTSIE were down by more than 3%.

The business newspaper Les Echos says the “mirage is over”, it’s time for a reality check. Construction has been the worst hit, according to the paper.  Most building works have been put on halt.

Meanwhile, the Christian newspaper La Croix reports on a story that shocked Ireland.
“Irish Bishops accused of hushing up sex abuses”, reads the title. A report accuses dozens of priests of pedophilia, with hundreds of children affected. La Croix describes this as a “terrible scandal” and calls for “an end to secrecy”.

In other news, France Soir does the portrait of a French con artist and Le Figaro reveals ticks could become the man's new best friend.

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