Word: iraq
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Dates: during 1990-1999
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...FRIENDS. France, which enjoyed cozy commercial ties with Iraq before the war, is particularly eager to loosen trade strictures. So far, the war and the ! embargo have cost taxpayers an estimated $8.7 billion in unpaid government- guaranteed loans, and Paris wants to get the money back...
Baghdad is trying to attract Russia by offering major contracts for oil exploration and rebuilding refineries. In February the Italian gas company Italgaz sent a high-level delegation to Iraq, followed last month by representatives of 30 leading Italian companies, including Fiat autos and International Scientifica, a medical-equipment maker. British, German and Japanese firms have also been poking around the bazaar...
Considering the potentially dire consequences -- economic, military and diplomatic -- of a hasty return to doing business with Iraq, the U.S. wants to err on the side of caution. That is also the position of the U.N. inspectors, who bear primary responsibility for making sure that Saddam's infernal death machine does not spring back to life. If the sanctions are lifted and the Iraqis renege on their promises, putting the restrictions back again may prove to be too little, too late...
...gave both North and South hope that their 14 million people would no longer be dependent on the largesse of their wealthy neighbors. Until the Gulf War, Yemen relied on money sent home by millions of Yemenis in the oil sheikdoms of the gulf. But Saleh's support of Iraq so infuriated King Fahd that he evicted nearly 1 million Yemeni workers from Saudi Arabia, severely disrupting the country's fragile economy...
...IRAQ: Can't Fence...