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Kuwait, Euro central bank chiefs stress GCC role in global financial stability.

European Central Bank President Jean-Claude Trichet and Governor of the Kuwait Central Bank and Head of the GCC Central Banks Committee Sheikh Salem Al-Abdulaziz Al-Sabah both stressed on Wednesday the role of Arab Gulf states in attaining global economic growth and financial stability.The two officials at the end of a European-GCC forum on central banks in both regions, also regarded an eventual united Gulf currency as a positive step towards this.Trichet said that the conference hosted by the Italian Central Bank, was an important one to discuss means for global financial stability, as it was attended by the Governor of the Italian Central Bank and Chairman of the Financial Stability Board Mario Draghi and preceded the G20 Summit.For his part, Sheikh Salem commended the length of European-GCC cooperation which resulted from the forum. He said the forum allowed the exchange of views and the learning of lessons from the financial downturn which would be utilized in the sake of enhancing financial stability.

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Publication:Kuwait News Agency (KUNA)
Date:Jun 30, 2010
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