Tuesday, March 22, 2011

For many places it is not an Arab awakening or an Arab revolution, but Arab massacres and an Arab tragedy. - 21st Mar 2011

Soviet dictator Joseph Stalin once famously said that "the death of one single person is a tragedy, the death of one million people is only statistics." As the regime-inflicted massacres in Libya partly approached Stalinist statistical figures, the international community moved to intervene to stop the atrocities, and declared a no-fly zone over Libya.By mid-day Monday, the U.S. military said the bombardment so far – a rain of Tomahawk cruise missiles and precision bombs from American and European aircraft – had hobbled the Libyan regime's air defenses. Initially, French fighter jets fired salvos, carrying out several strikes in the rebel-held east. This is a war, and not a partial security operation. The objective is regime change, the removal of Moammar Gadhafi's ruling gang from Libya.

One side effect is the de facto death of many Turkish contracts that had been awarded by Gadhafi's government and altogether were worth between $15 billion and $20 billion. Once a new administration eventually takes over in Libya, these contracts most probably will be re-awarded to Western companies. Read More