Gulf Should Prepare For EU Meltdown

alifarabia | November 30, 2011 | UAE | No Comments
Davide “Dodo” Oliva /Foter

The UAE bank governor says it’s not planning for a crisis in the European Union. But with the EU economy heading for a recession, and rumours of its imminent break-up rife, perhaps it should.

The UAE’s Central bank chief says the government has not taken any steps to prepare for a possible break up - and one wouldn’t expect him to say anything but that. READ MORE HERE

Related posts:

  1. Japan quake and China hard landing to impact Gulf trade flow With Japan shaken by the quake and China looking at hard landing, the Gulf’s two largest partners are going through a tumultuous period, which could impact their trade flows with...
  2. Arab Spring Costs Gulf $150 Billion Gulf states have pledged $150-billion in response to the regional unrest, according to Bank of America Merrill Lynch estimates. But it may not be enough...
  3. High-Spending Gulf In Dilemma As Opec Loses Relevance With Opec seemingly irrelevant, the GCC is trying to find a balance between responsible crude suppliers and their own domestic needs...

Related Posts

About The Author

admin

Add a Comment

Your email address will not be published. Required fields are marked *