All going global Links - GCC and EU (2009-2011) ... From 2009 - Link ~ (EU Urged To Sign Free Trade Deal with Gulf States As Soon As Possible -
remember this from back in the day?)
(snip ~ Just thinking outloud, ??)
Euro = $1.4603
Kuwaiti Dinar = $3.4904
Saudi Riyal = $0.2666
Medium GCC = $1.88Medium Euro and GCC = $1.67)
June 11, 2011
GCC, EU officials conclude meetings on joint economic issues
Riyadh, The third economic dialogue between the Gulf Cooperation Council and the European Union concluded here on Saturday with an agreement on a joint action plan.
The GCC Secretariat General said in a statement officials from the two sides discussed various issues including developments in the EU countries, such as the sovereign debts' question of Greece and impact of this crisis on the single European currency.
The talks also dealt with inter-investments, development aid, the GCC plan for integration of the financial markets of the Gulf and amendments of the EU regulations for coping with the global financial crisis.
Dr. Abdul Aziz Al-Uweishek, the director general of the international economic relations at the secretariat, indicated that the conferees concluded that the EU states "have begun recovering from the economic crisis and are posted to realize growth in 2011."
As to the GCC countries, he adds, they are forecast to post eight percent of growth in 2011, the highest on record since flare-up of the global financial crisis in 2008.
Participants in the four days of meetings included GCC representatives from the ministries of finance monetary institutions, central banks and GCC General Secretariat, as well as a number of experts and senior officials from the EU and European Central Bank.
http://www.kuna.net.kw/NewsAgenciesPublicSite/ArticleDetails.aspx?id=2173141&Language=en
