Article

2004-05-23 Iraq-Jordan

France resists U.S. push to slash Iraq debt

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by TS(vice girl) 2004-05-23 6:50:22 PM|| E-Mail|| Front Page|| [11123 views since 2007-05-07] Top

#1 Factor all the plunder that France did under Sammy and the French should owe the Iraqis money for all the hell they enabled on the Iraqi people.

Posted by Alaska Paul 2004-05-23 7:26:06 PM|| 2004-05-23 7:26:06 PM|| Front Page Top

#2 We should deduct any unaccountable funds from the Oil for Bribes program from Iraq's debt.

Posted by Robert Crawford 2004-05-23 7:56:27 PM|| [http://www.kloognome.com/] 2004-05-23 7:56:27 PM|| Front Page Top

#3 Too bad we hadn't loaned the Iraqis cash and they had defaulted. We could of used the Napolean III rational for the invasion

Posted by cheaderhead 2004-05-23 8:07:48 PM|| 2004-05-23 8:07:48 PM|| Front Page Top

#4 Cancel everything owed to France, Germany and Russia, and announce a 1000 year payoff plan, with 0% interest, for the rest.

Let them learn the perils of loaning money to dictators.

Posted by Laurence of the Rats 2004-05-23 8:13:20 PM|| [http://punictreachery.typepad.com/] 2004-05-23 8:13:20 PM|| Front Page Top

#5 LofR Exactly! If lending to dictators had the certainty of complete loss of the 'investment' when the dictator went, then no one would lend to them and being a dictator becomes a much less viable model for running a country.

Posted by Phil B 2004-05-23 8:23:41 PM|| 2004-05-23 8:23:41 PM|| Front Page Top

#6 I believe that the French should be paid what Iraq owes them right after they repay the US for debts incurred before, during, and after WWII. Also, isn't there a precedent for nations disavowing debts illegally incurred by deposed governments? If we deduct all the debt incurred by Saddam for weapons, chemical weapon feedstocks, etc., the real write-off should be 90% - 100% rather than 50%. If bribes to French firms and politicians are to be deducted, the French probably owe the Iraqis money.

Posted by RWV 2004-05-23 8:43:45 PM|| 2004-05-23 8:43:45 PM|| Front Page Top

#7 Iraq can buy, on credit, some of the French debt owed the US. Then they can pay back the French with their own debt. The US can then cancel what the Iraqis borrowed to buy the French debt. It's a win-win.

Posted by ed 2004-05-23 9:07:41 PM|| 2004-05-23 9:07:41 PM|| Front Page Top

#8 Let's see . . . they didn't want to get rid of Saddam, they don't want to give the new government a chance by reducing its debt . . .

Okay, at least they're consistent, but what do they have against the poor country?

Posted by The Doctor 2004-05-23 9:09:23 PM|| 2004-05-23 9:09:23 PM|| Front Page Top

#9 RWV

Phrawnce still hasn't paid off WWI debts, let alonw WWII. They're deadbeats.

Posted by Mr. Davis 2004-05-23 10:30:40 PM|| 2004-05-23 10:30:40 PM|| Front Page Top

12:31 Shipman
12:31 Shipman
12:15 Shipman
12:15 Shipman
12:13 Gentile Shipman
12:13 Gentile Shipman
12:11 Gentile
12:11 Gentile
11:32 Phil B
11:22 ruprecht
11:19 ruprecht
10:57 Phil B
10:55 Robert Crawford
10:22 .com
10:06 Robert Crawford
09:52 CrazyFool
00:26 Atomic Conspiracy
00:19 Atomic Conspiracy
00:19 Mark Espinola
00:02 Mark Espinola
23:52 Mark Espinola
23:37 RWV
23:34 Jen
23:33 scott
Merry-Go-Blog