The Passionate Attachment

America's entanglement with Israel

Arab Spring upheaval cost over $50bn — Cui bono?

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The BBC reports on some good news for the bankers:

The popular protests this year in North Africa and the Middle East – known as the Arab Spring – have cost the region more than $50bn, a new report says.

The report, by consultancy group Geopolicity, says Egypt, Syria and Libya paid the highest financial price.

It warns that without a regional support programme, the effects of the Arab Spring could be regressive.

But oil-producing nations that have avoided or suppressed rebellions have benefited most, it says.

Using data from the International Monetary Fund, the group says countries that have experienced intensive civil disturbances or conflict during the Arab Spring, are expected to lose the most in the short term.

Debt is always the prize.


Written by Maidhc Ó Cathail

October 17, 2011 at 8:31 am

Posted in Uncategorized

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