II Having this in mind Europe may be of special interest for Arab countries for two reasons: First, as a potential partner for economic cooperation and second, as an example of successful integration. The main development for financial markets in Europe has been the launch of a new currency, the Euro.
The financial sector in Europe benefits to a large extent from the monetary union and the evolution of a single European financial market. That implies greater transparency, more competition and more liquidity. Germany as a financial centre benefits from this – in everyone’s interests.