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US: Iraq's $100bn debt ...we need it back!

George Azariah-Moreno | 11.04.2003 10:51

US intent on recovering Iraq's $100bn debt! The war would not only cost America nothing, but this gives them a ticket for making a HUGE profit from it!

US claims Iraq has around "a $100bn debt as a conservative estimate" -which it seems intent on making Iraquis pay -despite the fall of the regime responsible for it (BBC World Serv). This seems to me a pretty neat way to, not only recover the costs of war, but also make a profit! This is no more than an excuse to legitimate US exploitation of Iraqui oil... ("We bomb you, destroy your government, even 'liberate' you -so pay up; give us a return on our investment!"). The legality of this debt burden needs to be vigorously challenged!!!!

George Azariah-Moreno
- e-mail: g.azariah-moreno@ucl.ac.uk

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