Financial Crisis Will Create New Somalias
Spengler, Asia Times | December 16, 2008
Populous Muslim countries will be among those hardest hit by the current economic crisis. ++ The Mumbai terrorists were to politics what the Somali pirates are to economics. ++ Iran will either break down or break out into military action. ++ Pakistan finds itself broke in a situation where allegiance to the government has been bought. ++ Indonesia and Saudi-Arabia pay "Muslim risk premium". ++ Secular Turkey struggles, and unemployment will boom. ++ "The West has a very short time to learn the rules of a new and terrible game."
