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US grants Turkey 8.5 bln dollar loan to aid economy after Iraq war

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NNN0LHI Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-03 01:10 PM
Original message
US grants Turkey 8.5 bln dollar loan to aid economy after Iraq war
http://story.news.yahoo.com/news?tmpl=story&u=/afp/2003...

DUBAI (AFP) - The United States granted Turkey a loan of up to 8.5 billion dollars to help Ankara's economic reform program and soften the blow struck to its battered economy by the war in neighboring Iraq.

Announcing the loan on the sidelines of the IMF meeting in Dubai, US Treasury Secretary John Snow said Turkey must in return cooperate with the United States in Iraq.

But he insisted that the deal was in no way linked to possible Turkish military involvement in the country's reconstruction.

Washington has been pressing hard on Ankara to send troops to aid rebuilding the increasingly lawless Iraq, but the government of Prime Minister Recep Tayyip Erdogan has refrained from taking a decision due to strong objections at home.

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Emboldened Chimp Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-03 01:14 PM
Response to Original message
1. So, is this part of th e $87 billion?
Or is this in addition to?
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Barrett808 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-03 01:23 PM
Response to Original message
2. Look at these guys
Edited on Mon Sep-22-03 01:55 PM by Barrett808


US Treasury Secretary John Snow (L) and Turkish state minister in charge of economy, Ali Babacan, shake hands after a signing ceremony during the International Monetary Fund (news - web sites) (IMF) conference.(AFP/Patrick Baz) (http://story.news.yahoo.com/news?tmpl=story2&u=/030922/... )

(on edit: added link, centered)
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fob Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-03 02:02 PM
Response to Reply #2
7. $8.5 billion makes a smart looking crease in the left breast of
Mr Babacan's suit, doesn't it?

Are you sure that's John Snow? It looks an awful alot like the undertaker from Phantasm!
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Journeyman Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-03 01:30 PM
Response to Original message
3. Well, looks like Kennedy missed it by one day. . .
and rather than a "bribe," or an "incentive," BushCo's characterized it as a "loan" . . . so Orwellian, don't you know, but since "Turkey must in return cooperate with the United States in Iraq," it accomplishes exactly what Kennedy said it would.
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tabasco Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-03 01:30 PM
Response to Original message
4. The Repugs Railed On Clinton For Lending $$$ To Mexico
This is ok, though.
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Barrett808 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-03 01:38 PM
Response to Reply #4
5. Well, remember, "everything changed" after 9/11
Or so they'd like us to think.
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candy331 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-03 02:02 PM
Response to Reply #5
8. Yup
seems like Kennedy was right? I wish it was that easy for some of the 9 million or so workers here to borrow money to start businesses to help themselves and can hire some of the other out of workers.
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Beetwasher Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-03 01:39 PM
Response to Original message
6. That's no BRIBE
That's an err, uhh, hmmm, well that's an INCENTIVE! Yeah, that's the ticket!
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htuttle Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-03 02:04 PM
Response to Original message
9. Hey, it's no problem handing out $8+ billion
We'll just print more.

There's no way we can be broke yet -- we still have currency stock and ink left to use!

:eyes:
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