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UAE central bank gov concerned about Euro crisis

The UAE is concerned about the impact of a worsening European sovereign debt crisis but the OPEC member's central bank does not see a need for new liquidity measures for local banks, its head said on Tuesday.

November 15, 2011 11:48 by

“It is a source of concern for everybody in the world so it is a source of concern to us as well because Europe is a very important trade and business partner for the UAE and worsening conditions economic and financial will reflect on everybody,” Governor Sultan Nasser al-Suweidi told reporters.

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