Category: Iraq’s Odious Debts

“G8 to welcome OPEC move, focus on Iraq debt,”source

(June 3, 2004) The leaders of the Group of Eight industrial nations next week are expected to welcome OPEC’s decision to raise oil output and will discuss reducing Iraq’s debt burden, a European diplomatic source told Reuters. The diplomatic source, who asked not to be identified, said: "On the economic front, the heads of state and government will concentrate overall on Iraq’s debt. The percentage to cancel and restructure will be in a range of 60 to 90 percent."