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Georgia's major miscalculation?
Monday, August 11, 2008 | eMail ArticleeMail Article | Follow ProphecyResCorp on Twitter Follow Goldmau On Twitter
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There has been no doubt of Europe's priority in the conflict between Georgia and Russia: Bringing about a ceasefire on both sides and minimizing further bloodshed. Beyond that, nothing in this conflict is simple.

Diplomats accept Georgia's president initiated military action, perhaps to coincide with Olympics.

European leaders feel a special responsibility for preventing further escalation and several of them have condemned a "disproportionate" use of force by Russia. The European Commission has called for an end to all Russian military activity on Georgian soil.

But at the same time European diplomats accept that Mikheil Saakashvili initiated military action in seeking to reassert Georgian control of its breakaway province of South Ossetia, perhaps hoping that he could consolidate power there while the world was preoccupied with the Olympics.

At the time of the Rose Revolution in 2003, European lawmakers saw Saakashvili through similarly tinted spectacles, but nowadays they regard him as a somewhat headstrong figure who had already damaged his credentials as a democrat by the way in which he suppressed dissent in his country last November.

Georgia may claim that South Ossetia 's leaders are controlled by the Russia's FSB security service but Europeans sense Saakashvili gave Russia the excuse it was looking for to intervene, insisting that its own "peace-keepers" in South Ossetia were under threat and had to be protected.

Continued at CNN



CNNMoney

Goldmau.com comment:

With Russian forces push deeper into Georgia, it has a lot to lose economically from its conflict with Russia. Which could scare off foreign investors and end its strong growth.

Commentary courtesy David Cai, Goldmau.com analyst.

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