Zimbabwe ‘surviving on beer and cigarettes’

Zimbabwe’s new finance minister Wednesday complained that President Robert Mugabe’s government is running on taxes and duties paid on beer and cigarettes. As he presented his revised 2009 budget to parliament, Finance Minister Tendai Biti noted that “indirect taxes made up of customs and excise duty have contributed 88 percent of government revenue, which means that the government has been literally sustained by beer and cigarettes.” “This is unacceptable,” the minister added.

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Europeans Who Sat Out the Iraq War Now Line Up for Its Business

“Old Europe” famously declined to join the U.S.-led invasion of Iraq. But six years on, countries such as France and Germany are eager to get in on the cleanup process in Iraq — and the hundreds of billions of dollars in business that effort is expected to generate. The most recent European move to woo Iraq came this week when German Foreign Minister Frank-Walter Steinmeier made a surprise visit to Baghdad

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