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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Bilow who wrote (109332)	8/1/2003 5:29:46 PM
From: Elsewhere	Respond to of 281500

If I recall, West Germany's WW2 debt was forgiven by the allies about 10 years after the end of the war. According to the London Agreement on German External Debts (1953) the majority was forgiven but a considerable amount of debt was served. More details at taxlinks.com André Kostolany, a Hungarian-born Jew who later lived in New York, Paris and Munich and became a popular speculator in Germany, acquired a fortune by betting on Adenauer's agreement at the conference to repay many bonds.

To: Bilow who wrote (109332)	8/1/2003 7:02:48 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 281500

Here's a solution to the debt then. Saddam incurred the debts, so divide Iraq into 4 countries, Kurdistan, Sunnistan, Shitestan [name might need revision] and Saddamistan. Saddamistan would comprise the Tikrit palace grounds and would surrender, along with the debts, to the UN and become a vassal state. Saddamistan, having incurred the debts, would be responsible for the debts. The UN Coalition of the Willing, which took possession of Saddamistan would be liable for the debts of Saddam's Iraq. Or, maybe the debt would be owed by all of the UN, including France and Russia, who claim that money is owed. Better still, the UN could ditch the debt - they make the international laws. The UN could surrender to the NUN which could take over Saddamistan as their headquarters. Which would relieve the long-suffering Noo Yawkers of the illegal parking of UN officials. Mqurice