Israel, US Sign Loan
Guarantees Worth $9 Billion
By Moti Bassok
Haaretz Correspondent
8-21-03
After several months of exhaustive negotiations, Israel and the United States on Wednesday signed the loan guarantee agreement, enabling Israel to raise $9 billion in government bonds on American financial markets over the coming three years. �
Harry Langman, the accountant general's representative in New York, and his deputy Yaron Neuderfer signed the accord for Israel, and Gordon West, deputy assistant administrator for American aid programs (USAID), for the U.S. �
Israel plans to raise the first $3 billion - which will be backed by the U.S. government - in late 2003. Under the agreement, every dollar Israel spends in the occupied territories will be deducted from the guarantees. �
As part of the deal, Israel undertook to carry out a series of reforms and structural changes in its economy and to reduce the 2004 budget deficit to 3.0 percent of GDP. � http://www.haaretzdaily.com/hasen/spages/331658.html � �
Comment From Robert Schaefer
8-21-3 � Ha! Another 'loan guarantee'. Guess how many US 'loans' to the Jewish state have EVER been repaid? Answer: ZERO.
Comment
Alton Raines
8-21-03
Israel, that great Harlot... she who makes fornication with the kings of the earth, whose cup is filled with abominations. Just like a salty old whore, she's always got her hand in the pockets of her paramour. She is truly a grotesque offense to the face of Almighty God.
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