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After Rescuing Ukraine, US To Bail Out Iraq Next

Thursday, April 16, 2015 21:10

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US are opening their wallets again – this time for Iraq. As Reuters reports, cheap oil has ravage Iraq’s state finances just as the government faces rising military spending from the war it is waging against ISIS; and so it has decided to issue $5 billion in international bonds.

However, Iraq is considering other ways to cover its budget deficit, including asking the IMF (i.e. US) for relief funding and also requesting the controversial U.S. Export-Import Bank finance the purchase of 10 planes from Boeing Co, which cost the government $500 million …. http://www.zerohedge.com

Source: http://luismmx.blogspot.com/2015/04/after-rescuing-ukraine-us-to-bail-out.html

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