Iraq Forms Unity Government

BAGHDAD, Iraq - Iraq's president formally designated Shiite politician Jawad al-Maliki to form a new government Saturday, starting a process aimed at healing ethnic and religious wounds and pulling the nation out of insurgency and sectarian strife.

The move ends months of political deadlock among Shiites, Sunnis and Kurds that threatened to drag the nation into civil war. Al-Maliki has 30 days to present his Cabinet to parliament for approval.

Parliament elected President Jalal Talabani, a Kurd, to a second term and gave the post of parliament speaker to Mahmoud al-Mashhadani, a Sunni Arab. Al-Mashhadani's two deputies were to be Khalid al-Attiyah, a Shiite, and Aref Tayfour, a Kurd.

The tough-talking al-Maliki was nominated by the Shiites on Friday after outgoing Prime Minister Ibrahim al-Jaafari gave up his bid for another term. Al-Jaafari's attempt to stay in office was adamantly opposed by Sunnis and Kurds, causing a monthslong deadlock while the country's security crisis worsened in the wake of December's election
http://wizbangblog.com/2006/04/22/ir...government.php

FINALLY!!! Now they maybe they can make some progress at bringing the country together!:thumbsup:

And they said it couldn't be done.........:D

Maybe the dinar will go up a little bit. I was thinking about investing. :D I keep on holding off because of the escalation in the civil war. The payoff will take years or never.

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Originally Posted by activedenial

Maybe the dinar will go up a little bit. I was thinking about investing. :D I keep on holding off because of the escalation in the civil war. The payoff will take years or never.

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Don't be so sure about that. Out of 120 billion debt they have recieved 80% to 100% debt forgiveness on 80 billion of it. The 40 billion remaining is with the GCC states. Saudi Arabia has already agreed to forgive 33 billion of this.
Remember also, with Kuwait, their currence was at 3.29 U.S./1 Kuwait Dinar...after the Iraq invasion and liberation it was drove down to .10 U.S. Within a two year period it was back up to the old value of 3.29.

The people in the past that had the cash was the Sunni. Now with the change, it's going to be more evenly distributed thoughout the country because of where the locals of the oil field are. One way to appease the Sunni would be to get their currency back to old values so the once rich are back in the saddle.

I have 5 million in my safety deposit box....been there since April of 2004. I've waited this long and surely can wait longer.

Have a good one!:thumbsup:

Yup...........The Kurdish North is prospering well........although in the south there is some more militant ie shia law militant groups have broke out in the south

Both good and ill have come out of this like any war

Peace rips