Hats off to Estonia! They just sold AAUs for € 30 million to Luxembourg. I had a number of skeptical friends calling me today asking what else Luxembourg would buy: intergalactic real estate, futures on nuclear fusion, the oil sniffing planes or residual Madoff certificates. I also heard about an interesting proposal from Dr Lulu from Nigeria.
Here is what we bought: http://www.estonianfreepress.com/2010/08/estonian-government-approves-the-sale-of-aaus-to-luxembourg/
Chapeau, those Estonians!
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