Bit of good news. Looks like what i hoped for on Fri (that Abu Dhabi/UAE will hold an emergency meeting over the weekend) came true. Abu Dhabi decided to come to the rescue! Meeting was held yesterday & decision made.
As many and I have expected, a complete bail out looks unlikely at this stage, but an orderly repayment (a carefully structured rescue plan) looks like going ahead now. So the downside risk seems to be somewhat limited at this stage. This rescue news, on top of rebounding European mkts on Fri, should provide a positive catalyst on Mon - PICKING UP OVERSOLD SHARES!
