Greek tragedy in the Gulf?
- From: Vol 12, Issue 7 (July 2011)
- Category: General
- Region: Middle East
- Country: Kuwait, Qatar, Saudi Arabia and United Arab Emirates
- Related Companies: Chadbourne & Parke and Sumitomo
European banks are nervous about the chance of a Eurozone default. Tom Scotney looks at the effect this could have on the Middle East.
A year ago, when the Middle East seemed to be on its way out of the financial crisis and facing a bright future, liquidity had been pretty much forgotten about as an issue. Seemingly, the only thing that people disagreed on was whether there had been a problem in the first place.
True, there was the collapse of the Ras ...
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