political union, then fiscal union then monetary union??
From Business Recorder
''Wary of Iran and regional protest movements, Gulf Arab states are pushing ahead with plans for a political union that would involve joint foreign and defence policies, the Saudi foreign minister said in a speech at the weekend.
The comments by Prince Saud al-Faisal come two weeks ahead of a summit of US-aligned Gulf leaders in Riyadh that will review an outline for such a union after Saudi King Abdullah first floated the idea last December.
A Gulf-based Western diplomat said the proposal was driven mainly by Saudi fears that the restive Shia Muslim majority in Bahrain could topple the island kingdom's Sunni Muslim rulers.''
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