On National Public Radio heard a report several days ago that Iraq has $250 billion in foreign debt.
Now we know how Saddam could afford all those weapons he has accumlated. If the story is true, I sure would like to know how he got that kind of of international line of credit.
Report said that Iraq owed France and Russia $10 billion each. Heard another report this morning from a pretty sharp commentator that the amount owned Russia by Iraq may actually be in the $20-30 billion range.
NPR report says that there is no way for the Iraq of the future to pay off its debts, and it will have to probably renege on those debts.
I understand that both France and Russia really need those debts paid off.
Now we know how Saddam could afford all those weapons he has accumlated. If the story is true, I sure would like to know how he got that kind of of international line of credit.
Report said that Iraq owed France and Russia $10 billion each. Heard another report this morning from a pretty sharp commentator that the amount owned Russia by Iraq may actually be in the $20-30 billion range.
NPR report says that there is no way for the Iraq of the future to pay off its debts, and it will have to probably renege on those debts.
I understand that both France and Russia really need those debts paid off.