Dennis Fetcho, aka "The Fetch", is an American ex-patriot living in the Philippines. He is the author of the Illuminatus Observor, a blog regarded by many as simply the finest Hermetic Qaballa blog in all of blogdom. The Fetch also has a second site called "Inside The Eye - Live!"
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Israel is Fighting the Inevitable
https://www.youtube.com/watch?v=egzQ45kWb6g
The GCC has been intensifying its economic ties with Europe, particularly Spain, as part of a broader strategy to diversify its economy and enhance its geopolitical influence. Spain’s recent actions provide a clear example of this dynamic:
On May 28, 2025, Spain recognized Palestine as a state, halted all arms shipments to Israel, and banned ships bound for Israel from docking in its ports. This move came shortly after Spain signed four major investment deals with Saudi Arabia, a leading GCC member. The timing suggests a quid pro quo—Saudi economic incentives likely influenced Spain’s policy shift, aligning with the GCC’s advocacy for Palestinian statehood.
The EU-GCC relationship has also deepened. The EU and GCC held their first-ever heads-of-state summit on October 16, 2024, in Brussels, aiming to boost cooperation in clean tech, renewable energy, and critical minerals for the green transition. They agreed to revive free trade agreement talks (suspended since 2008) and hold biennial summits, with the next scheduled for 2026 in Saudi Arabia. EU-GCC trade in goods reached €170 billion in 2023, with Gulf investments in Europe at $178 billion (38% of foreign investments in Europe in 2022), underscoring the GCC’s economic leverage.
The GCC’s economic strategy isn’t limited to Spain. France is reportedly set to recognize Palestine by summer 2025, following a €1.6 billion EU commitment to the Palestinian Authority in May 2025. This comes amid Saudi-led diplomatic efforts, including a planned UN conference co-chaired by Saudi Arabia and France in June 2025. The GCC’s economic clout—rooted in its oil wealth (nearly half the world’s reserves) and non-oil growth (3.7% in 2024, per the World Bank)—allows it to use “transactional sovereignty,” tying investments to political outcomes like Palestinian recognition.
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