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Tue 1 Nov 2011 11:50 AM

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Gulf ministers confident Europe can tackle debt crisis

Kuwait meet to review economic policies after widespread political unrest in Arab world

Gulf ministers confident Europe can tackle debt crisis
Gulf ministers have said they are confident in Europe's ability to tackle the eurozone debt crisis, and prevent the problem spreading to other countries. The ministers spoke at the opening session of the 3rd Kuwait Financial Forum in Kuwait City on October 31, 2011. Above: Kuwaiti Prime Minister Sheikh Nasser al-Mohammad al-Sabah (L), is picutred with Qatari central bank governor, Sheikh Abdullah Saud al-Thani. (AFP/Getty Images)
Gulf ministers confident Europe can tackle debt crisis
During discussions, officials agreed that the summit of European leaders last week had sent an important message to markets that leaders had reached an important decision-making phase, and were not just ignoring the situation.
Gulf ministers confident Europe can tackle debt crisis
Governor of the Saudi Arabian monetary agency, Mahmmad al-Jasser, said he was optimistic that Europe's leaders would now take the right measures to contain the crisis. (AFP/Getty Images)
Gulf ministers confident Europe can tackle debt crisis
The Kuwait oil minister Mohammad Al-Busairi said he was happy with the achievements in Europe, given the role played by OPEC member countries play in geopolitics. (AFP/Getty Images)
Gulf ministers confident Europe can tackle debt crisis
But Europe was not the only issued discussed at the forum. The governor of the central bank of Kuwait Sheikh Salem al-Sabah said the economic and financial disruption caused by the Arab Springs must also be dealt with, if the Middle East region is itself to secure economic stability. (AFP/Getty Images)
Gulf ministers confident Europe can tackle debt crisis
In a bid to promote and reward top business officials, the Kuwaiti Prime Minister Sheikh Nasser al-Mohammad al-Sabah (L) honoured the chairman of Consolidated Contractors Company at the event, Said Khoury. (AFP/Getty Images)
Gulf ministers confident Europe can tackle debt crisis
Bahraini GCC Secretary General, Abdul Latif al-Zayani, also addressed economic issues in the region, during his keynote speech. (AFP/Getty Images)