(April 11, 2003) John Snow, US Treasury secretary, told Fox News that he would bring up debt relief for Iraq at Friday’s meeting of finance ministers of the Group of Seven rich countries.
(April 11, 2003) Russian President Vladimir Putin said Friday Moscow was ready to consider Washington’s call for it to forgive Baghdad some $8 billion in Soviet-era debt.
(April 11, 2003) "How can we achieve debt relief? Because the Iraqi people are not responsible for these debts. It was the regime," asks Iraqi dissident Kazem Habib.
(April 11, 2003) Expressing the sense of the U.S. House of Representatives that France, Germany, and Russia can initially best contribute to the reconstruction of Iraq by the forgiveness of outstanding debt…
(April 9, 2003) Even with large write-downs, there will still be a big Iraqi debt to deal with. However, some analysts are suggesting that part of it could be repudiated, as has been done in the past when tyrannical regimes were overthrown.
(April 8, 2003) The prospect of a regime change in Baghdad that could pave the way for debt restructuring talks between a new government and the country’s long-suffering creditors, has triggered a rally in Iraq’s traded debt.
(April 7, 2003) A liberated Baghdad shouldn’t have to pay Saddam’s French debts.
(April 4, 2003) Every vanquished Iraqi Republican Guard division is a hopeful sign for investors who have bought up Iraqi debt.
(April 3, 2003) Will the consequences resemble the tragedy of Germany after World War I or the success of Germany after World War II?
(April 3, 2003) Already, traders say, the secondary-market price of two big Iraqi loans has doubled, to around 19 cents on the dollar.
(April 2, 2003) A reporter questioning Ari Fleischer about the Iraq situation, asked: "Does the President have a feeling on what should be done with Iraq’s debt?
(April 2, 2003) Russia’s Defense Minister Sergei Ivanov is quoted to the thorny issue of Iraq’s $7.5 billion debt to Russia, admitting for the first time that "Saddam is neither friend nor brother to us, and he will never repay (Iraq’s) debts to us."
(March 31, 2003) A recent New Yorker article endorsed Probe International’s position on Iraq’s odious debts, articulated in a National Post opinion piece on Feb. 12, 2003, by Larry Solomon and Probe International’s Pat Adams.
(March 29, 2003) Iraq makes a new exhibit for the argument that natural resources are more a curse than blessing. Since his earliest days, Saddam has channeled the country’s oil revenue through his personal accounts and used it to amass weapons and buy off supporters.
(March 29, 2003) Dr. Eric Herring argues that the liberation of the Iraqi people means freedom.