Watch out. This may be just the beginning. In the scale of things, the debt problems of Dubai are little more than a flea bite. Dubaiâs sovereign debts total âjustâ $80bn, which counts for nothing against the trillions being raised by advanced economies to plug fiscal deficits. http://blogs.telegraph.co.uk/financ...rbinger-of-things-to-come-for-sovereign-debt/