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Page added on February 5, 2015
Iraq financial crisis prompts emergency action
Iraq is pursuing a series of emergency measures to finance its 2015 budget, following years of poor governance and unchecked spending that led to a financial crisis now made worse by low oil prices and high military spending demands.The government is planning to indirectly borrow from the country’s foreign currency reserves, in a plan described Wednesday in Baghdad by Central Bank Governor Ali al-Alaq. The move could create a risk to the credibility of the Central Bank of Iraq
5 Comments on "Iraq financial crisis prompts emergency action"
Plantagenet on Thu, 5th Feb 2015 6:34 pm
Let hope that obama doesn’t shovel even more money at Iraq.
jjhman on Thu, 5th Feb 2015 8:15 pm
OK everyone here’s your big chance to ignore him.
GregT on Thu, 5th Feb 2015 9:05 pm
Thanks JJ,
It’s just so difficult to listen to his constant brainless stupidity.
gdubya on Thu, 5th Feb 2015 11:45 pm
Thanks planet, I was having a hard time blaming obama for this, but you managed.
theedrich on Sat, 7th Feb 2015 8:58 pm
I don’t understand why some of the contributers object to Plantagenet’s comment. Ø is the POTUS that, for domestic political advantage, irresponsibly pulled our troops out of Iraq and let ISIL happen. If W was not wacko enough by using lies to get us into Iraq, the current prez has shown he is internationally almost autistic, incapable of doing with anything except playing off of White guilt in the U.S. and hobnobbing with Hollywoodites. Whether turning Libya into a jihadist snakepit, igniting a maelstrom in Syria or, best of all, showing utter cowardice and stupidity in the face of Putin (who is not just bottomlessly criminal, but orders of magnitude smarter than Ø), the current WH celebrity is quite capable of pouring yet more taxpayer dollars into the Iraqi swamp to keep it in existence.