Economist: The government move to cancel the debts of Arab
Date: Mon 01/09/2012 8:03
□ Baghdad / economic-term follow-up
noted economic expert, Abdul Hassan Shammari important diplomatic move toward the Iraqi Arab countries to cancel debt owed by him and building a national economy discreet. Al-Shammari said, according to the Agency (news) that Iraq possesses a tremendous investment, and can attract all countries in the world to him.
He Shammari: The wealth of Iraq's oil major will have the power players in the markets the world's oil, and able to exploit this power in order to put pressure on Arab countries to cancel debts, because most European countries and East Asia canceled debts owed by Iraq.
He pointed out that Egypt will send a delegation to Iraq for investment in the country and claim to debts owed by the government while refusing to Egypt cancellation of interest on the amount of labor of Egyptians working in Iraq since the eighties of the last century.
He Shammari on the government to impose conditions on the countries that invest in Iraq and that the grant which privileges the interests of the country Kalghae debt or interest in the promotion of the economy.
The males of most countries of the world into wars large and is fighting to build its economy, pointing out that Iraq did not play a real role and the actor in the region to develop its economy.
It is noteworthy that Egypt planned to send a large economic delegation to Iraq, including seven ministers to negotiate with the Iraqi side and the demand to pay their debts and finance their desire to invest in Iraq.
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