Friday, July 18, 2003

Outrage at US plan to mortgage Iraqi oil: "Reports suggest that $30 billion of loans will be backed by Iraq's reserves, the second biggest in the world. Anne Pettifor, head of the Jubilee Plus debt relief campaign, said 'It is outrageous that the poor people of Iraq will be lumbered with billions of dollars of debt that will be used to boost the share prices of Wall Street financiers and US construction giants.' She warned against the coalition 'using the instrument of debt to control Iraq', after it leaves. Such a motive was behind the way Germany was treated after 1918, provoking resentment that eventually encouraged the rise of Adolf Hitler."

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