Bankers putting a brave face on the unrest and subsequent military clampdown of the past few months in Bahrain told The National newspaper that damage to the local economy is in the range of $2-3 billion, and that surging oil prices would help cover this gap.
But the real danger to Bahrain is that its reputation as a safe place for regional banking is in tatters. Many executives have fled to Dubai with their wives and children worried about the men-on-the-streets with guns and tanks at the school gates.
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