Category: Iraq’s Odious Debts

The theatre of debt absurdity: American taxpayers don’t like their money to be wasted

(April 14, 2003) "American taxpayers are nervous and whimsical, they don’t like their money to be wasted. It’s just a convenient moment to find a scapegoat, a potential sponsor." A Russian perception of Paul Wolfowitz’s proposal to write-off Iraq’s debts.

Jousting With Debt

(April 12, 2003) Over the past decade, Saddam Hussein was able to build several dozen palaces and keep his security apparatus intact thanks largely to foreign loans, and it seems grossly unfair for France, Russia and Germany to make a new regime pay.