[news] IMF Occupies Iraq, Riots Follow

[Mostly Water - mostlywater.org = news.resist.ca]

In December, the International Monetary Fund, in exchange for giving a loan of $685 million to the Iraqi government, insisted that the Iraqis lift subsidies on the price of oil and open the economy to more private investment.

Not surprisingly, these enormous price hikes have led to riots around the country, with police firing on 3,000 protesters in Nassiryeh, according to an account on Daily Kos.

Iraq’s oil minister quit to protest the government’s capitulation to the IMF.

URL: http://mostlywater.org/node/3776