The incident of the city of Strasbourg in France was a very primitive scenario for facing the deep social and political crisis that the Macron government is facing.
As predicted, French Interior Minister Christophe Castaner announced that the “terrorist”, who “apparently” was responsible for the shooting in Strasbourg, at 9 p.m. on Thursday, December 13th was killed in a street clash with three policemen. Shortly thereafter, ISIS released a statement, claiming responsibility for the shooting and killing of Strasbourg.
The extent and depth of the crisis in France is such that it does not allow the creation of a tense security and repression under the pretext of “terrorism”. Contrary, the scenario of Macron and Castaner, which, regardless of its tragic human dimensions, resembles Louis de Funès comedies, adds to the severity of the crisis.
On the other hand, on Thursday, the United States Senate unanimously condemned Mohamed bin Salman for the murder of Jamal Khashoggi and called on Trump to end support for the Saudi war in Yemen.
This is a major change in the US policy that occurred in the final days of the 115th Congress, a congress that is run by both the Senate and the House of Representatives under the control of the Republican Party. The incident shows that Trump will be greatly affected by the start of the 116th Congressional Congress on January 3, 2019, where the House of Representatives will be controlled by the Democratic Party.
Robert Muller’s investigation on Russia’s role in the 2016 US presidential election is also underway.
In addition, there is concern over the US stock market. The current Inverted Yield Curve shows that the number of short-term bank deposits is more than long-term deposits. Financial analysts consider the Inverted Yield Curve a serious indication of the probability of a recession and a financial crisis because it reflects lack of confidence of Americans in the future of their bank savings.
Accordingly, some conservative analysts, such as Michael Wilson, senior strategist at Morgan Stanley Bank, predicted a 50 percent market downturn in 2019. If so, the “golden age”, which began in the second semester of 2009, with the first year of the Obama Administration, ended in the first two years of the Trump Administration. Such conditions will have serious implications for US foreign policy.
In the turn of events, this incident will once again provide Iran with a historic opportunity to work alongside its dynamic and tactful foreign policy, with the advent of fundamental domestic reforms, to modernize the economic system that was launched forty years ago.
First published in our partner MNA
