Thursday, 29 August 2013

No time for a greater crisis in the Middle East

Very quietly but very clearly, the big international business bosses and their friends in the academic and media worlds here in the EU have been sending the message that a major security crisis in the Middle East at this time, when the European economies are starting a timid recovery, would be an extremely bad idea. It is not just the vast and uncontrollable uncertainty that it will create, not just the impact on oil prices, not just the fact that existing crisis around the Suez Canal is threatening enough, to mention only a few of current hot spots. It is all that combined plus the fact that some of the Middle East countries remain major clients and investors in the EU economies. It is no time to destabilize them, as well. International commerce does not want any adventure at this moment. 

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