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Leaders of the Gulf Cooperation Council (GCC) countries meet at a summit in Doha in December 2014.

Getty Images/Marwan Naamani

Analysis & Opinions - Agence Global

The GCC states face their biggest challenge ever

| December 30, 2015

"Keep your eyes on the oil-fueled Gulf Cooperation Council (GCC) Arab states in the year ahead, because they are just starting to experience a genuinely novel, almost existential, challenge that will test the quality of their statehood and national integrity as these have never been tested before. The issue that sparks this historic reckoning of statehood and citizenship in the GCC is not Iran’s nuclear future, the fate of “Islamic State,” nor the wasteful war in Yemen. It is the sudden array of sharp fiscal adjustment measures that most GCC states have announced in the past three weeks..."