So, first, there was a military war. Now there is an economic war:
South Sudanese citizens, international dignitaries and the world’s newest president celebrated as their war-wracked nation became the world’s newest country Saturday.
Raucous street celebrations broke out at midnight. Dignitaries included U.N. Secretary-General Ban Ki-moon, former U.S. Secretary of State Colin Powell and even former Sudanese President Omar al-Bashir.
The predominantly Christian south and the mostly Muslim north battled over more than five decades.
Should the angry north — now deprived of its oil revenues — follow through on its threats to blockade the new nation, South Sudan can survive on credit, using its oil as collateral. The north says it will block pipelines.