VOL. XXXIV
NO.16
21-JANUARY-1991
Financial and Banking News
Gulf Crisis
US Gives First Official Estimates of Desert Shield Costs
Operation Desert Shield cost the US $10bn in 1990, of which $6bn has alreadybeen recovered in cash and kind from allies, according to White House spokesmanMarlin Fitzwater. A further $2bn is expected to be forthcoming from allies, hesaid. The figures, which were released on the second day of the Congressionaldebate which empowered President George Bush to use US forces to...
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