Bad enough that the U.S. military is occupying Iraq.
Now the IMF is occupying the country.
In December, the International Monetary Fund, in exchange for giving a loan of $685 million to the Iraqi government, insisted that the Iraqis lift subsidies on the price of oil and open the economy to more private investment... The impact of the IMF extortion was swift and brutal. "The move has shocked Iraqis long accustomed to hefty subsidies of gasoline, kerosene, cooking gas, and other fuels." In months, fuel prices rose from 5 cents a gal. to 65 cents. Not surprisingly, these enormous price hikes have led to riots around the country... [Perhaps responsible for the worst violence in history of war today.]
Read the rest of the story HERE:
At progressive.org
At progressive.org
