GCC needs to bail them out
You can’t keep bailing out failures. GCC will need to play it safe as well or they’ll end up in the same situation, they are pumping money into the economy via infrastructure and all, but it’s not a sustainable model in the long term. A very close friend of mines works in the Federal Reserve and teachers at Harvard University, he’s also worked on economic policies in the US, EU and one particular GCC state I can’t disclose to much, but on his research within next 10 years (towards the end) GCC will be facing a similar crisis.