France urges Paris Club moratorium on debt owed by tsunami-hit countries
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French President Jacques Chirac told his government to push for the Paris Club of creditor nations to put a moratorium on debt payments owed by countries hit by tsunamis in southeast Asia.
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The UK chancellor presses the G8 to freeze all debts owed by countries hit by the Asian tsunami.
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PARIS, Jan 17 (IPS) - The richer nations have made much of the freeze  they have offered on debt repayments from tsunami-hit countries,  but many of the affected countries do not seem to want this  concession.
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Canada on Thursday put in place a unilateral debt moratorium for nations hit by the Asian tsunami catastrophe with "immediate effect," said Foreign Minister Pierre Pettigrew.
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French President Nicolas Sarkozy and German Chancellor Angela Merkel called here on Monday for more transparency on international finance markets.
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France's President Jacques Chirac Friday called on Europe and the United Nations to organise a humanitarian rapid reaction force to deal with natural catastrophes such as that currently afflicting Asia.
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French Prime Minister Jean-Pierre Raffarin said Monday he feared that the "large majority" of those French nationals unaccounted for since the Asian tsunami disaster two weeks ago had likely died.
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NEW YORK/LONDON  - France's Nicolas Sarkozy warned on Thursday that the U.S. home loan crisis was a threat to world growth, while a Bank of Japan policy-maker said the recent market turmoil has been overdone.
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The Paris Club of creditor nations on Saturday was debating a plan to write off as much as 80 percent of the debts Iraq owes them, a key step
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UK Prime Minister Tony Blair&#39;s government may back French and German proposals to halt debt payments from Somalia and Indonesia, two of the countries hit hardest by the weekend&#39;s earthquake
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French President Jacques Chirac said the Paris Club of 19 creditor nations should delay debt- repayments by Indonesia and Somalia following the Dec. 26 earthquake and tsunamis that have
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At meetings of the World Bank and the International Monetary Fund the French said non to the US proposal of writing off 90-95 per cent of Iraqâs $12bn of bilateral debt.
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LONDON, Jan 6 (IPS) - World leaders need to cancel debts of poor tsunami-   hit countries rather than just freeze them for now, leading  campaigners  say.
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The Paris Club of creditor nations  reached an agreement Wednesday to freeze debt repayments of  countries hit by the Asian tsunami, the Club's president said.
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The Paris Club of creditor nations reached an agreement Wednesday to freeze debt repayments of countries hit by the Asian tsunami, the Club's president said.
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PARIS -- Rich creditor nations offered yesterday to let tsunami-hit countries halt repayments on billions of dollars of debt, possibly for as long as a year, the chairman of the Paris Club said.
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Paris - The Paris Club of creditor nations, with the exception of Russia, has reached an agreement in principle to slash debts Iraq owes to the group by up to 80%, a well-placed official said on Sunday.