Diplomatic Warfare Is Intensifying in South America

Politics, Geopolitics & Conflict Libya remains gridlocked this week, with a UN-mediated agreement between the rival sides on the appointing of a yet-to-be-determined head of the Central Bank that both would support. We have little confidence in a successful outcome for a compromise candidate. There can be no compromise candidate because there is no desire to compromise. The issue of control over the country’s oil revenues remains unresolved, and that makes whoever controls the CB the kingmaker here. While Washington continues along a...