Middle East Economic Survey

VOL. XLVII

No 26

28-June-2004

IRAQ RECONSTRUCTION

France Advocates 50% Iraq Debt Reduction

France continues to be at loggerheads with the US Government over the issue of Iraqi debt reduction, and advocates a maximum level of 50% reduction, according to comments made last week by the Cecile Pozzo di Borgo, spokeswoman for the French Foreign ministry. We dont think its possible to cancel more than 50%, which already represents a considerable effort by the international...