$8.5 Billion in US Loans to Turkey

The US Secretary of the Treasury, John Snow, signed an agreement Monday that loans Turkey $8.5 bn. to make restitution for the damage done to the Turkish economy by the Iraq War. Snow claimed that the loans were not related to the US request that Turkey send 10,000 peace enforcing troops to Iraq. (AP, Reuters). Yeah and if you believe that one I have this bridge over the Euphrates I could sell you real cheap. (What I want to know is where in the world the Bush administration is getting the $8.5 bn. to loan to Turkey. We’re already $600 bn. in debt this year. This whole Iraq thing will bankrupt the country.)

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