[Reader-list] Iraq... it's the Euro, stupid
Menso Heus
menso at r4k.net
Mon Feb 24 03:33:17 IST 2003
Hi all,
A friend of mine pointed me towards several interesting articles that
offer a different perspective on the entire Iraq situation.
Iraq has recently switched from the dollar to the euro for all their oil
transactions. Several other OPEC countries such as Iran and Venezuela
are considering the move. This ofcourse has major implications for the
US economy. Getting hold of the region and thus the trade in that region
might enable the US to restore the dollar for Iraqi oil trade.
http://www.ratical.org/ratville/CAH/RRiraqWar.html
http://www.observer.co.uk/business/story/0,6903,900867,00.html
Menso
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