ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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World Monetary System-SDR Allocation Halted

about the certain culpability of the United States and the probable acquie- scene of Saudi Arabia in the Israeli attack. The United States has, of course, condemned the Israeli attack, though after a bit of vacillation. True, in broader strategic terms, the Israeli action might mean a temporary setback to US plans to build its 'strategic con- sensus' in West Asia, involving Israel, Egypt and the so-called 'moderate' Arab regimes. But this too is bound to be temporary and is anyway offset by the gains already made in this direction. The detaching of Egypt from he common Arab position on the question of Palestine; the tacit understanding with Iraq in its war with Iran; the consolidation of moderate' Arab regimes

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