Thursday 3 November 2011

Euro crisis may 'rattle' Emirates - The National

Fallout from the euro-zone debt crisis will ripple through the UAE economy, says the Middle East director for banks at Fitch Ratings.

His warning comes as world leaders from the Group of 20 gather today in Cannes, France, for perhaps the most important summit in the organisation's history.

Despite the possibility of Greece rejecting the latest EU benefit package, the summit of the Group of 20 leading and emerging economies (G20) will look to agree on a deal on the country's debts and ensure the financial consequences of a Greek no vote are not felt throughout Europe and the rest of world.

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