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.

 

X

ad

Help Keep Us From Drying Up

We need your help! Our subscription base has slowly been dwindling.

Each month we count on your 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.
Subscribe   Contribute   Close