21.05.2010 - Another global financial crisis within 4 years- Union of Arab Banks chief
From Aawsat.com: Chairman of the Union of Arab Banks, Adnan Yousif, told Asharq Al-Awsat that the region is currently moving past the global financial crisis, and that the financial crisis in Greece will have scant impact on Islamic banks, although this may cause a restricted amount of damage to conventional Arab banks. Yousif, who is also the CEO of the Al-Baraka Banking Group, estimated that the world will be facing a new international financial crisis in the next 3 or 4 years, and that this crisis will begin in China and India and will have a large impact on the US bond market. Yousif also attributed the global financial crisis to the increasing reliance upon investment instruments which are based on debt, and such instruments being utilized to finance genuine economic activity............................................Full Article: Source
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