2 Sep 2013
Flash: Syrian military escalation hangs in Congressional vote – Deutsche Bank
FXstreet.com (Lisbon) - Over the weekend, US President Obama announced that he will seek Congressional approval for military action in Syria, notes Macro Strategy Analysts J. Reid and C. Tan at Deutsche Bank.
Key quotes
“However, in seeking a vote on military action yesterday, Obama didn’t say he was giving Congress veto power over the decision and left open the possibility that he would go ahead without lawmakers.”
The commentary from various news outlets suggest a high probability that the vote will occur on the week of September 9th when Congress returns to session and commentary from various congressional members suggest that a Syria resolution may only be approved with important amendments and include restrictions such as time limits or relating to the use of ground forces.
“Either way it seems likely that the current developments will be dragged out for at least another week and there’s no guarantee that Congress will vote in favor of military intervention. Nonetheless, Secretary of State John Kerry laid down further arguments for military action against Assad after announcing that tests conducted on gas attacks in Syria had proved positive for the nerve agent Sarin.
“Mr Kerry urged Congress to consider the security of US allies Israel and Jordan in the vote next week over whether to authorize force against
Key quotes
“However, in seeking a vote on military action yesterday, Obama didn’t say he was giving Congress veto power over the decision and left open the possibility that he would go ahead without lawmakers.”
The commentary from various news outlets suggest a high probability that the vote will occur on the week of September 9th when Congress returns to session and commentary from various congressional members suggest that a Syria resolution may only be approved with important amendments and include restrictions such as time limits or relating to the use of ground forces.
“Either way it seems likely that the current developments will be dragged out for at least another week and there’s no guarantee that Congress will vote in favor of military intervention. Nonetheless, Secretary of State John Kerry laid down further arguments for military action against Assad after announcing that tests conducted on gas attacks in Syria had proved positive for the nerve agent Sarin.
“Mr Kerry urged Congress to consider the security of US allies Israel and Jordan in the vote next week over whether to authorize force against