Turkey seeks $28-billion compensation for partaking in Iraq war effort
Turkey is expected to request a $28 billion aid package from the United States to offset economic losses it may endure if it partakes in a possible US-led war against Iraq, reported Hurriyet. A military operation against Iraq is estimated to cost the neighboring Turkey up to $100 billion, according to Turkish officials.
The undisclosed terms of the compensation package were finalized during a two-day visit to Ankara by US Treasury Under Secretary John Taylor and State Department Under Secretary Marc Grossman.
The predominantly Muslim NATO member Turkey is expected to open its airspace and allow American forces access to the 50 airbases on its soil, as well as offer further logistical support to the imminent war effort.
The Republic has suffered more than $30 billion losses from the continuing embargo against Iraq since the early nineties. Another war is feared to devastate Turkey’s fragile economic recovery, backed by a three-year $16 billion International Monetary Fund (IMF) rescue program. — (menareport.com)
© 2002 Mena Report (www.menareport.com)