{"id":6553,"date":"2015-03-16T21:07:08","date_gmt":"2015-03-17T02:07:08","guid":{"rendered":"http:\/\/olduvai.ca\/?p=6553"},"modified":"2015-03-16T21:07:08","modified_gmt":"2015-03-17T02:07:08","slug":"colossal-defeat-for-obama-as-australia-joins-chinas-regional-bank","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=6553","title":{"rendered":"“Colossal Defeat” For Obama As Australia Joins China’s Regional Bank"},"content":{"rendered":"

“Colossal Defeat” For Obama As Australia Joins China’s Regional Bank<\/a><\/h3>\n

Having attacked its “closest ally” UK for “constant accomodation” with China<\/a>, we suspect President Obama will be greatly displeased at yet another close-ally’s decision to partner up with the Chinese-led Asian Infrastructure Investment Bank (AIIB). As\u00a0The Australian reports<\/a>, “make no mistake,” the\u00a0decision by Australia’s Abbott government to sign on for negotiations to join China\u2019s regional bank<\/strong>, foreshadowed by Tony Abbott at the weekend,\u00a0<\/strong>\u00a0“represents a colossal defeat for the Obama administration\u2019s\u00a0incompetent, distracted, ham-fisted dip\u00adlomacy in Asia<\/strong>.”<\/em><\/p>\n

As The Australian’s Greg Sheridan writes Op-Ed,<\/em><\/a><\/p>\n

\n
The decision by the Abbott government to sign on for negotiations to join China\u2019s regional bank,\u00a0<\/strong>foreshadowed by Tony Abbott at the weekend,\u00a0represents another defeat for Barack Obama\u2019s diplomacy in Asia.<\/strong><\/div>\n

The Abbott government is right to make this decision. It had well-founded concerns about the vague and unsatisfactory governance arrangements of the institution when Beijing first invited Canberra to join.<\/p>\n

Those arrangements have \u00adimproved since then and Australia is only signing on to negotiate terms of accession.<\/p>\n

If the terms are no good, Australia will ultimately walk away.<\/p>\n

Canberra\u2019s move follows similar decisions by Britain, Singapore, India and New Zealand.<\/strong><\/p>\n

Make no mistake \u2014 all this represents a colossal defeat for the Obama administration\u2019s incompetent, distracted, ham-fisted dip\u00adlomacy in Asia.<\/strong><\/p><\/blockquote>\n

The Obama administration didn\u2019t want Australia to sign up for the China-led AIIB. The Abbott government rightly feels that it owes Obama nothing.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

“Colossal Defeat” For Obama As Australia Joins China’s Regional Bank Having attacked its “closest ally” UK for “constant accomodation” with China, we suspect President Obama will be greatly displeased at yet another close-ally’s decision to partner up with the Chinese-led Asian Infrastructure Investment Bank (AIIB). As\u00a0The Australian reports, “make no mistake,” the\u00a0decision by Australia’s Abbott […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[4210,41,4211,4209,422,4002,584,4212,820,827],"class_list":["post-6553","post","type-post","status-publish","format-standard","hentry","category-economics","tag-abbott","tag-australia","tag-canberra","tag-chinas-regional-bank","tag-india","tag-new-zealand","tag-obama","tag-singapore","tag-uk","tag-united-states"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6553","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6553"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6553\/revisions"}],"predecessor-version":[{"id":6554,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6553\/revisions\/6554"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}