| From Thenational.ae: As the euro zone is mired in an existential crisis, there are growing doubts about the merits of a monetary union in other parts of the world, including the Gulf states. In an increasingly interdependent world economy, the onus is on flexible adjustment to shocks like the global credit crunch.
That would seem to scupper plans for a single currency among the members of the Gulf Cooperation Council (GCC), which met in Abu Dhabi over the past two days..............................................Full Article: Source
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