"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "


Chinese premier Wen Jiabao 12th March 2009


""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."


Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Saturday, March 25, 2006

Fireworks in Gaza

Palestinian President Mahmoud Abbas is caught between a rock and hard place in a letter made public to Hamas' designated prime minister, Ismail Haniyeh last week, he said ...

"I will exercise my mandate and authority where and when needed to protect the higher interests of the Palestinian people,"

The Palestinians' constitution, or Basic Law, (see here for more) empowers the president to fire the prime minister and disband Parliament.

Haniyeh has said his government would be presented to Parliament for a vote of confidence on Monday, and sworn in by Wednesday.

A troubled Abbas, faced with withrdrawal of financial assistance and the resolute opposaition of Israel has been said to want to "draw the battle lines" with Hamas, but also to warn Israel and the West that threats to sever aid and ties would likely strengthen the Islamist party.

In all of this the Israeli Government have the upper and controlling hand - expect some fireworks in Gaza this week.

No comments:

(C) Very Seriously Disorganised Criminals 2002/3/4/5/6/7/8/9 - copy anything you wish