Independent Media Centre Ireland     http://www.indymedia.ie

Spanish/Coalition Trade Bank flees Iraq

category international | miscellaneous | news report author Thursday April 22, 2004 18:30author by Hilal

La Caixa, a trade bank set up by the coalition last August, has announced it is to leave Iraq as soon as possible.

La Caixa , which is a coalition of 13 banks , headed by US group J.P. Morgan, was left without any hope of a secure environment to trade in when it's Najaf base was left unprotected with the closing down of the hispanic fort ,"Al Alandalus" .

The multinational brigade "Plus Ultra" was shattered when the Spanish announced it's 1400 troops were to be withdrawn from Iraq within six to eight weeks. Several hundred have already left . Honduras then announced it's troops were to be withdrawn, followed by the Dominican Republic who announced it is getting out as soon as possible. Thailand then announced it was withdrawing it's 600 troops and at the moment El Salvador is expected to announce it's withdrawal of it's troops very soon.

The US led trade bank was put in place to allow greedy bloodsucking companies like Halliburton and its friends make billions of dollars from "reconstruction". In this instance they have been driven, like the thieves they are, from the land they have sanctioned, starved, bombed and invaded.

A spokesman for La Caixa bank also confirmed that at present there are "no banking projects in Iraq". One year after "mission accomplished", the money is not flowing like the US had hoped. They have failed and now they must posture and pretend to be in control as they are driven from Iraq.

Americaca is not as powerful is it pretends !



Indymedia Ireland is a media collective. We are independent volunteer citizen journalists producing and distributing the authentic voices of the people. Indymedia Ireland is an open news project where anyone can post their own news, comment, videos or photos about Ireland or related matters.