The global credit crunch will have a knock on affect on all countries but the UAE economic cycle is in a different position to other Euorpean countries so the affect is likely to be delayed (although it will come eventually as liquidity is simply brokered around the world).
For all EK's faults its owners certainly have deep pockets and Flight Deck job security (if you want it) is likely to be much better in EK than in other privatised companies lets face it. One of many factors to consider depending just where you are in your career.
One things worth remembering though, all economic cycles are exactly that - cyclical. Oil prices, for example, will plummet again like they did in the 70s and 80s when people realise that there isn't such a supply/demand inbalance as the media and oil brokers like to make out! All price bubbles burst - eventually.
Blimey - I have been reading some tosh recently haven't I not to mention writing it, lol
