Wednesday 5 October 2011

Despite assurances, let us have a plan B - The National

In normal circumstances, you would have to admire the sangfroid of the Central Bank of the UAE.

While the world financial crisis grows, while the euro zone teeters on the brink of meltdown, and while new fears surface about the strength of the US economy, the Central Bank's board holds its collective nerve.

The directors' reassurances that all is well with the UAE financial system will go some way towards calming regional fears of another bout of "western disease" spreading to the Middle East.

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