Economist: financial compensation to Kuwait of the Iraqi economy weighs heavily on Iraq ...

May 11, 2010

Economist: financial compensation to Kuwait of the Iraqi economy weighs heavily on Iraq

Iraqi economic expert said that the Kuwaiti financial compensation to be deducted from Iraq's resources strain the local economy which is already suffering from several problems.

The expert on fiscal policy is contrary jeweler told the independent press that Iraq needs to reconstruction operations in developing the infrastructure that has not been maintained for decades, adding that the maintenance and rehabilitation needs of the sums of money, and what has been deducted from the resources of Iraq arrived in large amounts.

He jeweler that debt dirty is prompted by Iraq can not withstand the Iraqi people bore the fact that Iraq is required to make payments not based Bagtradha for the development of infrastructure or to increase its economy or the welfare of his people, but it is Iraq's claim for compensation for the entire adventures of the former regime military.

He pointed out that some of the debts that were claimed by Iraq was following the entry into Iraq-Iran war, which took advantage of some Gulf states myopia of the former regime and the recruitment of Iraq's military capacity to curb the Iranian threat to those countries.

Abizaid and "bought those States Iraq's ability to wage wars on its behalf and to provide protection and welfare of their communities, to put the country was the same claim that Iraq is now debt and compensation."

The goldsmith "The effects of debt and reparations as a whole began to appear clearly on the budget of Iraq especially since we have very source of income except oil, which is truncated and I wanted compensation from the fact that the country is suffering a slump in various industrial and agricultural sectors.

The Iraqi officials declared that the amounts claimed by Iraq is not just for the fact that Iraq had already been paid in compensation to Kuwait more than paid Ktaweidatfrenca Germany and Britain after World War II, European countries that have suffered at the time of world war.

And stresses the Kuwaiti side of the need to push Iraq's debt is estimated around 11 billion dollars funding for Iraqi military operations in his war against Iran and that the size of which Iraq and influence the Iranian threat to the Gulf, and demands that in addition to the damages estimated at 42 billion dollars Kuwait received, including 17.5 billion dollars after entering Iraq of Kuwait in 1990.

radio nawa