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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: J.T. who wrote (16065)	2/5/2003 3:10:05 PM
From: J.T.	Read Replies (3) \| Respond to of 19219

The 3 participants who have veto power in the Security Council have not budged on their positions. The highest element of surprise would be for the air strikes to commence within the next 48 hours: Reactions to Powell's Speech in the United Nations Compiled from wire reports Wednesday, February 5, 2003; 1:01 PM France France proposed strengthening weapons inspections in Iraq, including tripling the number of inspectors and placing a full-time monitor in Baghdad to oversee the process, after hearing Secretary of State Colin Powell's presentation Wednesday on Iraq's failure to disarm. "The use of force can only be a final recourse," French Foreign Minister Dominique de Villepin told the U.N. Security Council. "We must move on to a new stage and further strengthen the inspections." De Vellpin said France would carefully review the evidence provided by Powell, but he emphasized that inspections were working and had resulted in major achievements. Still, he acknowledged there was more Iraq could do to cooperate with a beefed-up inspections regime to avert war. "Given the choice between military intervention and an inspections regime which is inadequate because of a failure to operate on Iraq's part, we must choose the decisive reinforcement of the means of inspection. This is today what France is proposing." Russia U.S. Secretary of State Colin Powell's presentation to the Security Council Wednesday reinforced Russia's belief that weapons inspections must continue in Iraq, said Russian Foreign Minister Igor Ivanov, who urged Baghdad to cooperate. At the same time, Ivanov said: "the information given to us today will require very serious and thorough study. Experts in our countries must get down to analyzing it and drawing the appropriate conclusions from it." He called on Baghdad to "give the inspectors answers to the questions that we have heard in the presentation by the U.S. secretary of state." "The information provided today by the U.S. secretary of state once again convincingly indicates the fact that the activities of the international inspectors in Iraq must be continued," Ivanov said. "They alone can provide an answer to the question of to what extent is Iraq complying with the demands of the Security Council." China China, a powerful Security Council member, also came out in support of continued inspections and said it was ready to make all efforts to avert war. "It is the universal desire of the international community to see a political settlement to the issue of Iraq and avoid any war," Chinese Foreign Minister Tang Jiaxuan said in a prepared statement he read to the council. "As long as there still is the slightest hope for a political settlement, we must exert out utmost effort to achieve that. China is ready to join others in working towards this direction," Tang said. Great Britain Jack Straw of Britain, America's closest ally, stood firmly behind the United States. Saddam Hussein "must be left in no doubt as to the serious situation he now faces. Time is now very short. If noncooperation continues, this council must meet its responsibilities," the British foreign secretary said. © 2003 Washingtonpost.Newsweek Interactive