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For Immediate Release |
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October 16, 2003 |
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Cole Urges France, Germany, Russia to Forgive Iraq's Debt |
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Congressman Cole's Statement on U.S.House floor: Mr. Speaker, this resolution encourages France, Germany, Russia and other countries to forgive the debt owed to them by Saddam Hussein's regime; to make generous pledges for Iraq's reconstruction at the forthcoming Madrid donor conference; to work with the Paris Club on debt forgiveness issues for Iraq; to acknowledge the role that Iraq's
current debt has in hindering reconstruction efforts; and to educate their populace about the importance of debt forgiveness in Iraq's reconstruction.
France, Germany, Russia and other countries have all been vocal about opening up Iraq's reconstruction contracts. If they wish to participate in this process, they should have the generosity and decency to contribute positively to the reconstruction effort by forgiving the debts.
Mr. Speaker, it is unconscionable for nations to expect the Iraqi people to repay the debts contracted by the terrorist and despotic regime of Saddam Hussein, particularly when those people were in part the victims of that regime and had no say in the loans in question. H. Res. 198 will assist the public debate in these issues going into the Madrid conference of donors and will put this House on record for
supporting debt forgiveness on this significant issue.
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