[lbo-talk] Iraqi council backs off foreign ownership measure

Seth Ackerman sethia at speakeasy.net
Thu Sep 25 23:07:33 PDT 2003


From: "Michael Pugliese" <debsian at pacbell.net>


> <URL: http://sg.biz.yahoo.com/030924/1/3eflw.html >

This article is highly misleading. The Council hasn't "backed off" on the investment measure at all. It's already been signed into law after being drafted by the US, in "consultation" with members of the council. In fact, the US was vehemently endorsing it on the sidelines of last week's IMF meeting in Dubai, to the consternation of many, given the CPA's threadbare legitimacy. What the council has done here is to back off from al-Kilani's *announcement* of the law after it came under almost unanimous criticism from Iraqi business. Kilani, by the way, was installed as finance minister by Chalabi, reportedly for the sole purpose of ramming through this decree.

Seth



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