VOL. XLVI

No 26

30-June-2003

IRAQ

IRAQ RECONSTRUCTION

Commentators Urge Creditors To Forgive Iraqi Debt For Compelling Economic, Financial Reasons

Creditor nations should forgive Iraqs debt for compelling economic and financial reasons, according to David Mulford and Michael Monderer, if not for the moral outrage of not doing so, and the need to teach banks a lesson in moral hazard reasons put forward recently by Richard Perle (MEES, 23 June). In their article Iraqi debt, like war, divides the...