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Night Watch World News Prayer Network: Prayer Release # 174 - admin @ 04:36:31 EP News - February 3, 2005 FAMILY ADVOCATES PRAISE STATE OF THE UNION SPEECH SECRETARY OF EDUCATION BLASTS PBS FOR CHILDREN’S PROGRAM PROMOTING HOMOSEXUALITY PRISON FELLOWSHIP GIVES WILLIAM WILBERFORCE AWARD TO ROMANIAN MINISTRY LEADER CHRISTIAN LAW PROFESSOR SAYS

Business-romania.blogspot.comhttp://business-romania.blogspot.com [Business-romania.blogspot.com] Business in Romania blog: Doing business in Romania and business ...: Standard & Poor's Ratings Services said it raised its long- and short-term foreign currency sovereign credit ratings on the Republic of Romania to BBB- and A-3, from BB+ and B, respectively, on improving government indebtedness indicators. At the same time, the long-term local currency rating on Romania was raised to BBB from BBB-, and the A-3 short-term local currency rating was affirmed.

Jubileeiraq.org[Jubileeiraq.org] Jubilee Iraq News: The Economist supports cancellation of reparations:"The case for continuing to punish the Iraqi people for the sins of their unlamented dictator is a poor one, as Keynes so eloquently demonstrated in Germany's case at the end of the first world war." It notes that "if Iraqi oil is to generate a sufficient flow of finance to pay for reconstruction, [the debt] burden must be reduced." Also "precedents exist for debt forgiveness on political grounds, as some of Poland's was forgiven in the early 1990s." So far the Economist aligns with Jubilee Iraq's view, however it drops in the statement "The repayment of some Iraqi debt, despite regime change, is crucial to rebuilding Iraq's credibility in international credit markets." However it gives no argument as to why repaying Saddam's debt will achieve this. Jubilee Iraq's contacts in the markets do not believe the treatement of Saddam's debt will have any effect on Iraqs future credit rating since the demaraction between the Ba'ath party and the new government will be so clear.

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