U.S. drops Iraq privatization, focuses on investors

[La_Serpiente]

U.S. drops Iraq privatization, focuses on investors 

WASHINGTON (Reuters) - With plans shelved to sell off some of
Iraq's state-owned businesses, the U.S. official in charge of
private sector development there is now focused on wooing
foreign investors to Iraq and creating jobs.

Thomas Foley, director of private-sector development for the
U.S.-led Coalition Provisional Authority in Iraq, said the CPA
had always intended for an Iraqi government to make decisions
over the sell-off of state-owned enterprises.

Any suggestions the CPA was trying to sell off Iraqi
businesses to foreigners were erroneous, said Foley in an
interview with Reuters on Wednesday.

"There never would have been a plan to sell off state
enterprises to foreigners. It would have been to Iraqis,"
said Foley, a venture capitalist.

more...

http://www.reuters.com/locales/newsArticle.jsp;:40342b7e:7e819bfe3a1b5cd9?type=businessNews&locale=en_IN&storyID=4387602

I hope this link works.  Copy and Paste.  

[buckeye1]

1. Your link doesn't work.

Your post shows that another crackpot idea has failed. Why would anyone invest there now that civil war looms? It gets worse by the day.

[La_Serpiente]

2. I hope it is fixed now

[aquart]

3. I was about to say.

Let's build a factory so someone can score points by blowing it up. Oh yeah, that's gonna happen.

[izzie]

4. I hated Eco 101 but it does seem to me......

If over 80 % are not working in the country and 100 % of the food was giving away that this country is not ready for a sell off of business to the high bidder. Just how are people going to eat? I am sure the only business to start up now is the one the USA tax payers are paying for.Bush and Co is going to make the Tea Pot Dome thing look like chicken feed. We seem to be robbed blind in that country. I hate to think what is going on with these people in Iraq.