Tuesday, July 8, 2008

Hitting 'Em Where It Hurts...maybe

The U.N. has taken up the Zimbabwe situation. Unfortunately, it seems the U.N. tends to be more reactive than proactive.

Here is what was published in the story in USA today:

"The proposed U.N. sanctions include an international arms embargo and freeze on the personal assets of Mugabe and 11 other top government officials whom the U.S. believes played a key role in using violence to undermine Mugabe's opposition."

I have a tendency to think the freezing of the assets of Mugabe and the 11 other top government officials would be more effective on the surface. But given the inflation that exists in Zimbabwe (see my last post!), what exactly would this do if the 12 had their money in Zimbabwe currency?

If the 12 have their money in another currency, that tells us everything we need to know about them anyway...

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