Egypt Greece France, Winners and Losers
With all the "justifiable" hype leading up to the elections taking place around the globe this weekend, the results of said contest surly met and exceeded expectations. The Greeks did not disappoint by delivering another inconclusive outcome, hinging upon yet another critical challenge to form a coalition government.
Seemingly schizophrenic in nature, Greek voters are sending diametrically opposed messages for the Euro Zone and markets to digest. Nearly as many Greeks support renegotiating fiscal constraints placed on the bailout as those who support doing whatever it take to remain in the E.Z. Until Greece can speak with one voice, the Gods of Uncertainty will rule.
The big loser in this election is the Greek people. They look confused and disorganized. The big winner in the Greek election is Germany. Angela Merkle won't have to buckle to support confusion and disorganization.
French voters on the other hand, appear to be focused, determined united and ready to reshuffle the deal by giving Francios Hollande a solid Socialist parliament to represent their demands for change of course. When the French president sits among the G-20 leaders in Los Cabos Mexico this week, he can speak with confidence knowing that those at home has his back.
The big winner in France is the French people and believe it or not, the American president Barack Obama. President Obama, locked in a vicious battle for the White House is having his pro growth policies validated by Europe's Left leaning rejection of pro austerity measures backed by the Right of center.
The big loser in the French parliament vote is Germany's Angela Merkle, as the French anent the least bit confused and will embolden others to reassess their commitments. Another incidental loser is the US presidential wannabe "Mitt The Rich Guy" Romney. Considering Mr. Romney has wedded himself to the calamitous policies of yesteryear that the world is moving forward from, he'll be spinning himself silly for weeks looking for a new
angle.
In Egypt, the Muslin Brotherhood's Mohammed Morsi pulled out a squeaker against former Egyptian "fez prez" Hosni Mubarak's honcho in crime and corruption. Former Prime Minister Ahmed Shafiq looks to be done for the time being, as all eyes now focus on the Egyptian military.
Working feverishly behind the scenes to hang on to power, the egyptian military have highjacked the current constitution and now want to write the new one. After gutting Egypt's recently elected parliament of all gains by the Brotherhood, the fight there has just begun. As reported last week, its back to the streets.
The major losers in Egypt's quest for democracy in the short run are the Egyptian women, as no matter what the Brotherhood is saying now, their true message probably won't go over big with females, broader minds or secularist. In the long run, the "US-Israeli Union" will be the biggest loser when the Brotherhood eventually decides to renegotiate Egypt's decades old treaty and their expected support for the Palestinians.
With an Islamist State evolving within a stones throw of Israel's borders and no flunkies left in Egypt to use, the U.S. and their significant other are running out of options.
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