Iraqi PM hails debt reduction deal
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Iraq&#39;s interim prime minister has welcomed an agreement of the so-called &quot;Paris Club&quot; nations to reduce up to 80 percent of his country&#39;s $120 billion international debt but called on Iraq&#39;s &quot;Arab brothers&quot; to follow suit.
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Germany&#39;s finance minister said Saturday that he and his US counterpart have reached an agreement under which Iraq&#39;s creditors would write off up to 80 per cent of the country&#39;s debt.
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An "historic" deal bringing Turkey a step closer to EU membership is praised by Tony Blair.
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Iraqi PM Nouri Maliki shrugs off US criticism of slow progress saying it is understandable in the face of violence.
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Offering a simple, "Thank you America," Iraqi interim Prime Minister Ayad Allawi declared Thursday that his country is succeeding in its effort to move past the war that ousted Saddam Hussein.
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Major economic powers agreed on Sunday to write off billions of dollars of debt for Iraq in a deal that marked a significant step in U.S. efforts to help put the Iraqi economy back on its feet.
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US President George Bush today applauded the decision by the so-called Paris Club of creditor nations to slash 80 per cent of the money Iraq owed them and urged non-member countries to do the same.
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Major creditor nations of Iraq reached an agreement here on Saturday to write off 80 percent of the country&#39;s debts, officials said.
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The United States on Sunday applauded the decision by the Paris Club on slashing Iraq&#39;s debts and urged other countries to follow suit.
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WASHINGTON -- The United States yesterday forgave $4.1 billion Iraq owed it and urged other nations not part of an international debt relief agreement to follow suit.
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Germany&#39;s finance minister has said he and his American counterpart have worked out a deal to write off 80 percent of Iraq&#39;s $120 billion foreign debt.
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Iraq's Shi'ite Prime Minister Nuri al-Maliki said on Sunday his government had made progress on all fronts and urged neighboring countries to work together to stop what he called "evil" from destabilizing the region.
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Iraqi interim Prime Minister Iyad  Allawi secured cash and pledges of help from EU leaders on  Friday despite having raised hackles by describing states that  opposed the U.S.-led war to oust Saddam Hussein as  "spectators."
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Iraq's prime minister says an arms-for-cash scheme that started in Baghdad last week will be extended to other areas.
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German Finance Minister Hans Eichel said on Saturday that the Paris Club had reached a framework agreement to forgive 80 percent of Iraqi debt.
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The move marked a major agreement among the countryâs ethnic and sectarian political blocs on one of Iraqâs most divisive issues.
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Iraqi Prime Minister Iyad Allawi  told Congress on Thursday the "overwhelming majority" of Iraqis  are grateful to the United States for ousting Saddam Hussein  and said democratic forces are succeeding in Iraq.