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Politics : Stop the War!
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To: Bald Eagle who wrote (16445)5/1/2003 1:35:50 PM
From: zonder  Read Replies (1) of 21614
 
Do you know the numbers involved?

Yes I do. You probably would not react thus if you were as familiar with "the numbers involved".

Saw some economist on TV who said they owe about $385 BILLION (wasn't Halliburton's contract for $7 BILLION over many years?)

I don't know who that economist is, but Iraq's debt to Russia is about USD 8 bn. The debt to France is about the same level.

Iraq's foreign debt is estimated to be from between $60 billion to more than $130 billion.

And, while Iraq's leading creditors are in the Gulf nations like Saudi Arabia, the United Arab Emirates, and Kuwait, Western creditors are owed a fair bit of money too

Neil Partrick of the Economist Intelligence Unit (EIU), told CNN the two preeminent Western countries that are owed money are France and Russia.

"They say they are owed $8 billion apiece. It is hard to be absolutely certain but that seems a reasonable estimate. Germany is probably owed something in the region of $2 billion as well," he said.

cnn.com
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