Back
9 Sep 2013
Is a peaceful solution no longer an option?
FXstreet.com (Chicago) – Russian president Vladimir Putin presented a proposal to prevent any military strike after strong Syrian and American declarations on chemical weaponry and potential subsequent attacks. The proposal advocates a peaceful conflict resolution between involved agents and weapons storage and destruction under international control. The Syrian conflict started a few weeks back when the country’s President Bashar Al-Assad was pledged guilty according to the judgment of countries such as the US. A chemical attack killed around 1,300 civilians according to major news sources generating international conflict between the most powerful nations in the world.
Involved agents
On one hand, the US Secretary of State John Kerry stated the attack and use of chemical weapons, in violation of the international Geneva Treaty, was “undeniable”. US President Obama, Nobel Peace Prize winner, decided to gain Congressional support (vote due tomorrow) before any military strike was perpetuated. On the other hand, Bashar insisted there was “not a shred of evidence” making his government accountable for the attacks. In recent statements, he added “the US doesn't obey international law, and tramples over the UN charter, so we have to be ready for anything. But according to the lies that we have been hearing for the last two weeks we have to expect for the worst.”
A Noble Peace Prize forced not to go to war?
The UN sent officers to Syria to start a 2-week assessment to inspect whether chemical weapons were used or not. No results have been made public so far. The Security Council, composed of 5 permanent members – US, France, UK, China and Russia – was unable to come to a conclusion as the parts were divide on how to approach the situation. The UK, one of the US’s most loyal allies, retreated from potential collaboration on military strike after the House of Commons opposed Prime Minister David Cameron intentions to back up the American country. In France, the political class is divided despite the President Francois Hollande’s firm stand against chemical weaponry usage.
Russia, led by Vladimir Putin, released a proposal earlier today stating the Syrian weapons should be put under international control by the UN for storage and destruction. The Syrian foreign minister welcomed Russia’s approach. In the meantime, the US said it will take a “hard look” at it but insisted on “serious skepticism”.
Market participants seem eager for risk appetite as safe-haven currency pairs stall and equities markets register gains. Oil retraces from $110/barrel level to trade at $109.24 and gold trades at $1,386.70 below $1,400 zone.
Involved agents
On one hand, the US Secretary of State John Kerry stated the attack and use of chemical weapons, in violation of the international Geneva Treaty, was “undeniable”. US President Obama, Nobel Peace Prize winner, decided to gain Congressional support (vote due tomorrow) before any military strike was perpetuated. On the other hand, Bashar insisted there was “not a shred of evidence” making his government accountable for the attacks. In recent statements, he added “the US doesn't obey international law, and tramples over the UN charter, so we have to be ready for anything. But according to the lies that we have been hearing for the last two weeks we have to expect for the worst.”
A Noble Peace Prize forced not to go to war?
The UN sent officers to Syria to start a 2-week assessment to inspect whether chemical weapons were used or not. No results have been made public so far. The Security Council, composed of 5 permanent members – US, France, UK, China and Russia – was unable to come to a conclusion as the parts were divide on how to approach the situation. The UK, one of the US’s most loyal allies, retreated from potential collaboration on military strike after the House of Commons opposed Prime Minister David Cameron intentions to back up the American country. In France, the political class is divided despite the President Francois Hollande’s firm stand against chemical weaponry usage.
Russia, led by Vladimir Putin, released a proposal earlier today stating the Syrian weapons should be put under international control by the UN for storage and destruction. The Syrian foreign minister welcomed Russia’s approach. In the meantime, the US said it will take a “hard look” at it but insisted on “serious skepticism”.
Market participants seem eager for risk appetite as safe-haven currency pairs stall and equities markets register gains. Oil retraces from $110/barrel level to trade at $109.24 and gold trades at $1,386.70 below $1,400 zone.