[mthom]

I hate stupid conspiracy theories like this because it gives cover to those that "only" want to give mexico a massive preference in our immigration policy. Mexico is going to end up with nearly full access to our labor market (at the expense of any other country or group of potential immigrants) but at least there wont be that scary made up Amero.

[hedgetrimmer]

monetary unions are all the rage, not just 'conspiracy theories.

Gulf single currency on track for 2010: GCC chief

The launch of a single currency by the six-nation oil-rich Gulf Cooperation Council (GCC) is still on track for 2010 and no member state has asked for a delay, the GCC chief has said.

"The timetable for the single currency is still as planned. It will be launched in 2010," GCC secretary general Abdurrahman al-Attiyah told reporters in response to a question on whether a delay was on the cards.

"In fact, we have not received any request for a delay," Attiyah said when asked to comment on reports that Oman had asked for the launch to be postponed.

But the GCC chief added: "There are viewpoints which are in the common interest" of the member states. He did not elaborate.

The GCC, which groups Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates, has decided to establish a common market by 2007 and launch a monetary union and a single currency by early 2010.



GCC central bank governors have agreed in principle to set up a monetary council which would eventually be transformed into a central bank.