Saudi King Abdullah called for the formation of a Gulf union in response to growing threats, as rulers of the wealthy Arab GCC met on Monday against a backdrop of regional turmoil and fears over Iran.
“I ask today that we move from a phase of cooperation to a phase of union within a single entity,” said the Saudi king, addressing his counterparts at the opening of the annual Gulf Cooperation Council summit in Riyadh.
He did not elaborate on what form such a union might take, or any proposed steps to create it.
“You must realise that our security and stability are threatened and we need to live up to our responsibilities,” said King Abdullah. [source]
With all due respect, ehm, we see an above-the-fold headline in all the papers today stating that the GCC Currency, something that was supposed to be in the works for some 25 years and was supposed to be enacted in 2000, then in 2010 and now completely off the table and now you talk of a full fledged GCC Union? (previous link in Arabic, but have a look at this quick search and prepare for an enviable head-spin!)
Well, I’m normally an optimist, but in this case and based on precedent, you will forgive me for not holding my breath.
What else will this GCC summit come out with I wonder?