Kuwait balks at forgiving Iraq's debt

[Eugene]

Source: Associated Press

Last updated April 24, 2007 12:25 p.m. PT

Kuwait balks at forgiving Iraq's debt

By QASSIM ABDUL-ZAHRA
ASSOCIATED PRESS WRITER

KUWAIT CITY -- Kuwait is balking at forgiving Iraq's $15 billion
debt, aides to the Iraqi prime minister said as he made a key visit
to the tiny oil-rich state.

-snip-

During his visit to this U.S. ally, Iraqi Prime Minister Nouri al-Maliki
met with David Satterfield, an adviser on Iraq to Secretary of State
Condoleezza Rice. Satterfield told al-Maliki that Kuwait has not made
a final decision on debt relief, according to an aide to the Iraqi leader.

In an effort to help Iraq get on its feet financially, the Bush
administration is spearheading a drive to persuade other countries to
follow the U.S. lead and write off their shares of Iraq's debts, most
of which stem from the 1980-1988 war between Iraq and Iran.

The Kuwaiti government has pledged to forgive 80 percent of Iraq's
debt, but the decision is subject to parliamentary approval. Many
lawmakers oppose the move, arguing that Iraq also is an oil-rich
country and should pay back the money.

-snip-

Read more: http://seattlepi.nwsource.com/national/1107AP_Kuwait_Iraqs_Debt.html

[MADem]

1. Hell, just do a little "directional drilling" into their oil fields, and call it even!

After all, it ain't like Iraq has a fucking ARMY to come after ya, there, Kuwait!!!!!

[jmc247]

2. Actually we just sold the Iraqi Army 800 M60 Main Battle Tanks

four times the number of tanks Kuwait has.

[MADem]

4. Well, their Army isn't terribly motivated, is it? They need DRIVERS for those tanks!

And they're not doing too well recruiting their forces, are they?

As for the Kuwaiti military--that's US!!!

[Supersedeas]

3. Condi, calling Dr. Condi--we thought that you had this problem resolved prior to the Summit

[ohio2007]

5. hmm, kinda like the treaty of Versailles all over again

Germany couldn't pay the reparationes...ect...one thing led to another....
and the rest was history.


....Kuwaiti government has pledged to forgive 80 percent of Iraq's
debt,
but the decision is subject to parliamentary approval....

Wonder where these MP's ran to in August 1991 ?
Where were they living during GW-I ?

[IndianaGreen]

6. As it did under Saddam, Shia ruled Iraq thinks Kuwait is stealing its oil by slant drilling

Kuwait has little support in Iraq.