Iraq PM Confident on New Government Formation

raqi Prime Minister Nuri al-Maliki said on Wednesday he is committed to a parliament session planned within a week that will start the process of forming a new government.

“We will attend the first session of parliament in harmony with the constitutional merits and out of the commitment to the call of the Supreme Marjaiya and out of loyalty to our people,” he said on state television, referring to country’s most respected Shi’ite clergy.

On Friday, Shi’ite Grand Ayatollah Ali al-Sistani called for the government formation process to begin.

A mounting Sunni insurgency is threatening to rupture the country two and a half years after the withdrawal of U.S. troops.

via CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza