Friday, June 6, 2008

US issues threat to Iraq's $50bn foreign reserves in military deal

The US is holding hosTWF/News/Y2008/0605-SecretPlan.htmltage some $50bn (£25bn) of Iraq's money in the Federal Reserve Bank of New York to pressure the Iraqi government into signing an agreement seen by many Iraqis as prolonging the US occupation indefinitely, according to information leaked to The Independent.

US negotiators are using the existence of $20bn in outstanding court judgments against Iraq in the US, to pressure their Iraqi counterparts into accepting the terms of the military deal, . . .

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