Monday, May 23, 2011

Europe sanctions Assad

Last week I mentioned that American economic sanctions against Syrian President Bashar Assad will be meaningless unless European countries followed suit.

The New York Times reported this morning, May 23, 2011, that the European Union has imposed sanctions.

The 27-nation bloc instituted an assets freeze and a visa ban on Assad and nine other members of his regime.
Let's see what happens when Assad is deprived of access to his cash in European banks.

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