July 14, 2006

ONE OUGHT NOT HONOR AN ODIOUS DEBT (via Tom Morin):

Talabani: Iraq not compelled to pay debts accumulated in Saddam's reign (KUNA, 6.7.2006)

Iraqi President Jalal Talabani said his country was not compelled to pay back debts accumulated during the reign of the ousted regime.

"We are not responsible for the debts of Iraq during the reign of dictatorship," the president said during a joint press conference held Wednesday evening with the UN delegation headed by Deputy Secretary-General Mark Malloch Brown.

Talabani added, "International law stipulates that countries that helped dictatorships or accumulated debts through cooperation with these regimes have no right to demand that democracies set up after the fall of the dictatorships pay those debts."


They loaned it to a dictator, let them try and collect it from him.

Posted by Orrin Judd at July 14, 2006 3:50 PM
Comments

I hope Russia is on this list of "not to be paid" debtors. After all, this was their attitude when they toppled the Tsar in 1917.

Posted by: obc at July 14, 2006 5:03 PM

obc:

Maybe the Iraqis can repay the Russians with Tzarist bonds.

Posted by: Mike Earl at July 14, 2006 5:35 PM

Quoting "international law" is the icing on the cake.

Posted by: Stormy70 at July 14, 2006 5:54 PM

Didn't the Yeltsin government make some kind of restitution to those who still held Czarist bonds?

Posted by: Chris Durnell at July 14, 2006 6:55 PM

Is there a ready listing of the soon to be aggrieved?

Posted by: Mike L at July 15, 2006 7:22 AM

As we all know, international law has absolute moral authority.

Posted by: Bob Hawkins at July 15, 2006 10:37 AM
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