This analysis sheds light on the present situation in Syria and points out to the current conditions which characterize the Syrian conflict. With every passing day, more innocent lives are lost and more needless destruction is inflicted on the country's infrastructure. The paper discusses also the Munich Security Conference that held recently through which it appeared that the international community paralyzed about finding solution to the undergoing conflict. The paper emphasized on the regime gradual degradation as it is losing control over the country which will lead eventually to a final collapse. Moreover, The Assad regime has lost prestige, credibility, and legitimacy, besides losing power and control on the ground. Furthermore, the continuation of the present impasse for a prolonged period will not only be very costly for the Syrian people but also have devastating regional consequences where a widespread spillover cannot be ruled out.
The 2010 GCC currency union is fast approaching and far from being simply a symbol of GCC political union it will have serious economic repercussions for the region. The currency union has the potential to increase intra-GCC trade substantially, boost the region's financial markets and attract significant investment flows. However, establishing a successful currency union requires a number of necessary preparations that must be taken sooner rather than later. This paper discusses the preparations that must be made by the GCC states in order to make the smooth transition to currency union. It also examines the post-currency union policy choices that will have a significant bearing on the future prospects and strength of the single currency.
