Atsomepointtheywillhave to tighten their belts and startpayingdown their debts, orBanks will have to writethem off at a loss-with grim consequencesforgrowth in eithercase.
Last week,Dubai's largest investment company called for a six-month delay in paying some of its debts.
VOA: special.2009.12.04
Some had been put in prison for not paying their debts.
VOA: special.2009.01.25
Some of it is going on useful things like roads and schools and paying off debts, some gets recycled, flowing back to energy-thirsty countries in the form of higher demand for their goods.