Germany to write off 70-80% of Iraq debt.

[lasagnabro]

Iraqi President Shaykh Ghazi al-Yawar was interviewed by Al-Sharqiyah Iraqi TV upon his return to Baghdad today after his European tour. In response to the question "Is it true that Germany backed down on its position to cancel Iraq's debts?", Al-Yawar replied: "No, Germany did not back down on its position. Germany promised a substantial reduction in debts. We can say that this reduction will range between 70-80% of the debts."

http://www.jubileeiraq.org/blog/2004_09.html#000599

[JJLL]

Thank you! The more we all learn about Iraq's debt reduction the better off we'll all be.

[RogerL]

That's excellent news if Germany is willing to write off so much debt. Now if we could only get France to cooperate. Oh well, maybe on the day France becomes a military superpower instead of the cheese-eating surrender monkeys they are now. ;) Miracles do happen. :)