Word: yaffi
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Dates: during 1966-1966
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Downed Cow. Apparently aware of what was going on, the Cabinet of Prime Minister Abdullah Yaffi summoned Acting Intra Chairman Najib Salha and asked whether he could personally guarantee Intra's balance sheets. He said he would check, but when he returned to the meeting with an affirmative answer, he was barred forcibly by an armed guard. While he futilely shouted protests from outside, the Cabinet adjourned without the guarantee. The next morning the bank was broken...
...reported $70 million. And if the bank wants to raise cash by selling off such assets as MEA, the interested buyers include France, Russia, Kuwait and even Stavros Niarchos. Intra, in short, claims it could open tomorrow if it were allowed to. Despite a heavy dose of press criticism, Yaffi's government is going slow. "We are working hard," says Intra's Salha. "But when the cow is down, the butchers get out their knives. It is difficult going...