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A Finextra member
A Finextra member 15 January, 2011, 01:08Be the first to give this comment the thumbs up 0 likes

Can I assume all the bankers reading this won't forget their ethics when it comes to Tunisian funds.....?

John Dring
John Dring - Intel Network Services - Swindon 17 January, 2011, 15:26Be the first to give this comment the thumbs up 0 likes

Amazing indeed.  Its not every day there's a revolution.  2011 could be the year of revolution, but these days the pesky ill gotten(some say) funds can follow the ousted very easily.  So it will be a long time before they run out of places to holiday.  Unfortunately with revolutions, you don't always end up with who you want in control - just the ones with the muscle to take it.  Although 1979 Iran is an old example where they got what they thought they wanted - but it was out of the pan and into the fire.

A Finextra member
A Finextra member 18 January, 2011, 03:00Be the first to give this comment the thumbs up 0 likes

Unnamed and named heroes took to the streets and spoke out online.

Some died.

Some were arrested. eg. Slim Amamou

Perhaps the US cables gave the lawyers who had already seen too much corruption the type of confirmation thye needed and they could no longer stay silent.

They marched.

The Generals were always going to and did refuse to quell the citizens.

Ben Ali was forced to flee for his safety. Saudi Arabia was the only place which would take him. The King has a rule for those seeking asylum. No further involvement with politics.

The Prime Minister, a Ben Ali crony tried to assume power citing article 56 of Tunisian constitution. Relies on temporary incapacitaion etc, designed to prevent a coup whilst abroad. FAIL. Saudi King's rule means game over. PM is out of line.

Speaker is next in line according to article 57.

The former dictator's associates indiscriminately carried out mayhem on the streets. The Army dealt with them. The publc and the Army have always had a good relationship. Perhaps up to 1000 of the soon-to-be-probably-found guilty-police and Presidential guard tried to fight it out with the Army. The Army won.

Speaker assumes temporary control of government. Law says 60 days for elections. Opposition including those not recognised by previous Dictator are determined to oust Ben Ali cronies. Several leaders sworn in temporarily. In all probability election (campaigns etc) will take longer than 60 days.

There was looting of the homes of the known-to-be-corrupt Ben Ali associates and those were ritualistically stripped bare. Citizens metaphorically taking back what had been stolen from them. There was looting by police (captured on film).

The citizens themselves called on each other to protect the museums.

Slim Amamou was appointed a Minister in the interim government.

The journey begins.

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