Well even though today is a holiday in many EU states, there is nothing particulary festive about the atmosphere. All eyes are on the commodity markets to see what is going to happen to oil prices. The consequences of a flawed Iraq play are gradually coming to be recognised, and even the ridiculous demise of a ‘restyled’ Berlusconi doesn’t seem to offer the entertainment value it once might have.
Go on David, tell me, I’m being too gloomy!
We have reached a turning-point in international politics as well as in Iraq. President George W. Bush is widely seen to have gambled on Iraq and lost. The impact of that loss goes well beyond Iraq. The US has not been defeated in battle and is unlikely to be so but it can no longer impose its will on Iraq because it lacks the moral authority to do so.
Lawrence Freedman, Financial Times