re: the political economy of the war

I have noticed that, recently, the discussion forum has tended to be going
around in circles, in that I seeing the same issues discussed again and
again. So, I am proposing to change topic and consider the question of what
economic motivations there are for the current war in Iraq.
I was at a discussion group where a European visitor mentioned that in 2002
Iraq had insisted that its oil contract should no longer be denominated in
$US, but now in Euros. Clearly, if all the OPE C countries were to follow,
and all oil contracts were denominated in Euros, then the role of the $US
as the international reserve currency would be severely undermined. This,
of course, would have major implications for the US economy.
And, of course, there is also the issue of oil .........................
Received on Wed Mar 19 03:34:01 2003