VOL. XLVI
No 25
23-June-2003
IRAQ
IRAQ RECONSTRUCTION
Perle Advocates Forgiveness Of Iraqs Commercial Debt As Lesson In Moral Hazard
Richard Perle, the former chairman of the Pentagons Defense Policy Board, has called for the complete forgiveness of Iraqs national debt estimated at $100-130bn including commercial debts owed to foreign banks. Such a move, he says, would teach banks a lesson about the moral hazardof lend[ing] to a vicious dictatorship. Mr Perle has also said that to ask the...
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