_Bluedog 4:00 pm EST on 1/23/2012 « on: Today at 04:03:02 PM »
[bluedog] just popped in for a short bit I have to things to post
[bluedog] UN envoy: the remaining compensation to Kuwait might invest in Iraq ............
Mon, 23/01/2012 1:28 ........... UN envoy to Iraq, told AFP that Iraq and Kuwait, thinking to re-invest the remaining war reparations on Baghdad for the benefit of its southern neighbor, the Fund invests in Iraq. Iraq continues to pay five per cent of its oil revenues to meet the $ 18 billion dollars in compensation by the residual of Kuwait.....
For the benefit of the people of Iraq ......................... Said Martin Koppel Special Representative of the Secretary-General that «there is a proposal on the table provides the remaining funds to invest in Iraq».
Read More Link On Right
_He added that «the kind of confidence, and the United Nations fulfilled its obligation, however, the money re-invested in Iraq for the benefit of the people of Iraq». He said «I think that this is a good proposal and the two parties to hold their negotiations about it».
Iraq has to pay about $ 34.3 billion dollars in compensation after the regime of Saddam Hussein's invasion of Kuwait, of which about $ 25 billion went to Kuwait.
[bluedog] Greece debt crisis.......................... christine lagarde who heads the imf said, look, when we put together this idea back in october, there were a lot of constructs we had in place. a lot of assumptions we had about where Greece’s economy would be by now.
that is no longer the case. increasingly looks likely that in the future Greece might probably will need more money. and we all have to ask ourselves where is that money going to come from?
that's what's being said behind closed doors. the imf would like a lower interest rate for Greece to make their repayment down in the future. here's what christine lagarde said in public when she spoke first to cnbc this morning.
what it will take from the private sector, what it will take from the euro partners, what it will take from the ecb is a mixture. it's a mosaic if you will, where everyone is going to contribute. the first to contribute actually will have to be Greece. in terms of implementing the program, in terms of satisfying the conditions. and that's what's really matters to the imf.
so the private sector on the other side of the table read that charles dallara of the iff, institute of international finance, he's representing a lot of banks in the discussion has generally said and i'm paraphrasing, why do you keep moving the goal post?
you've done this twice now. we keep coming up with a set of constructs for a deal, and then you ask us to take more. is that necessarily right?
so both sides of the table have a legitimate point of view. what we are waiting to find out is what will the euro group decide in terms of the interest rate. is it going to be lower like the imf wants? or is it going to be higher like the banks want? there's optimism that indeed we will hear within the next 24 hours something.
[bluedog] glryan10 hope it is a solution
[bluedog] that will take you also to the video you all may have seen this CNBC