Clinton tells Gulf Arabs to spread the oil wealth

[NNN0LHI]

http://www.alertnet.org/thenews/newsdesk/L15698617.htm

ABU DHABI, Nov 15 (Reuters) - Former U.S. President Bill Clinton criticised Gulf Arab countries on Tuesday for not spreading their huge oil wealth around the Middle East to push education, fight poverty and find alternative energy sources.

Addressing business leaders in the United Arab Emirates, Clinton said Gulf governments should resist the urge to spend mainly on itself in a new period of high oil prices which analysts say is set to continue for the foreseeable future.

"This is a magic moment for this part of the world. I think you should think about ... what you should do today so that (your grandchildren) will think 50 years from now that it was a magic moment because of the gifts you left behind," he said.

"Many people will look back and say you had all these riches and you built some beautiful buildings, you had a very good time -- but you also thought about me and how the world would work."

[Horse with no Name]

1. Oh to have a literate President again

:thumbsup:

[amitten]

2. And one with a heart. n/t