Article

2009-12-15 Arabia

Gulf petro-powers to launch currency in latest threat to dollar hegemony

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Posted by tipper 2009-12-15 14:51|| || Front Page|| [6 views ] Top

#1 Modelled on the euro ... there's a recipe for success.

Posted by Steve White 2009-12-15 15:39|| 2009-12-15 15:39|| Front Page Top

#2 Backed by the Emir of Dubai, no doubt.

Posted by Mitch H. 2009-12-15 15:53|| http://blogfonte.blogspot.com/ 2009-12-15 15:53|| Front Page Top

#3 The initial Dollar:Euro exchange rate was $1.17:1. Today it is $1.45:1. I'd say the Europeans are doing a hell of a lot better job looking after their economy than the Americans.

Posted by ed 2009-12-15 15:57|| 2009-12-15 15:57|| Front Page Top

#4 Pan-Arab initiatives have been such a roaring success in the past. How can it fail?

To be fair the UAE has survived reasonably well, but this is due to it being surrounded by Iran, Saddam's Iraq and SA.

Posted by phil_b 2009-12-15 16:00|| 2009-12-15 16:00|| Front Page Top

#5 Sorry. The initial Dollar:Euro exchange rate was $1.18:1. I looked it up.

Posted by ed 2009-12-15 16:06|| 2009-12-15 16:06|| Front Page Top

#6 Nobody has been minding the store in Washington. They are preoccupied with "impotent" stuff like global warming [and hot air]. I'm sure the Arab state share these concerns also.

Posted by JohnQC 2009-12-15 17:29|| 2009-12-15 17:29|| Front Page Top

#7 PAKISTANI DEFENCE FORUM > ARAB STATES FORM JOINT REGIONAL SECURITY FORCE [oppose any attack agz Iran].

Posted by JosephMendiola 2009-12-15 18:38|| na 2009-12-15 18:38|| Front Page Top

#8 They should have done this long ago, as well as form a NATO type 'defensive' alliance so that they don't need to be defended by infidels. The fact that they didn't says a lot about how much they must dislike each other in the Arab world.

Posted by rjschwarz 2009-12-15 19:19|| 2009-12-15 19:19|| Front Page Top

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