WISR Ltd V.WZR

Good news and bad news.

[vulture]

The good is that the Kurds have formed a government after 7 months of horsetrading since their elections. They are now in a position to present a united front to Baghdad The bad is that Maliki looks like getting in again due to a lack of a strong opponent, but if he does survive, it will be in a severely weakened position.                                                                                                                                                                                                                                                                                                       I would then expect many months of biscuit ceremonies in attempts to form a government. At least this time, the KRG had the good sense not to make any deals before the election results. It is interesting that IRAN has signed a deal with the KRG to build 2 pipelines between Kurdistan and Iran. One for export of crude and one for import of refined products.                                                                                                                                                                                                                                     So now the KRG have deals with both Turkey and Iran and Baghdad appears to have had no say in either matter. Food for thought.