Murphy's Law: The Missing Mirage Money

Archives

February 15, 2010:    Iraq is demanding that France return $895 million, paid in 1985, for later delivery of 24 Mirage F1 jet fighters. Iraq already owned 90 of these aircraft at the time. Delivery was prevented by a UN arms embargo imposed on Iraq after the 1990 invasion of Kuwait.

French officials are puzzled by the Iraqi demand, since Iraq owes French firms $6.6 billion for goods delivered and never paid for before 2003. France has cancelled 80 percent of that debt, and will apparently arrange to have the Mirage F1 debt charged off against money Iraq owes France.

 


Article Archive

Murphy's Law: Current 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 


X

ad
0
20

Help Keep Us Soaring

We need your help! Our subscription base has slowly been dwindling. We need your help in reversing that trend. We would like to add 20 new subscribers this month.

Each month we count on your subscriptions or contributions. You can support us in the following ways:

  1. Make sure you spread the word about us. Two ways to do that are to like us on Facebook and follow us on Twitter.
  2. Subscribe to our daily newsletter. We’ll send the news to your email box, and you don’t have to come to the site unless you want to read columns or see photos.
  3. You can contribute to the health of StrategyPage. A contribution is not a donation that you can deduct at tax time, but a form of crowdfunding. We store none of your information when you contribute..
Subscribe   Contribute   Close