Free Republic

<p>What a difference a year makes. In September 2002, Gerhard Schroeder was attacking U.S. policy toward Iraq for political gain. These days, the German Chancellor is taking pains to present himself as a loyal American ally.</p> <p>At a meeting with Journal editors in New York Friday, Mr. Schroeder said he favors cancellation of some of the 4.5 billion to 5 billion euros in sovereign debt that Iraq owes to Germany as a contribution to Iraq's reconstruction effort. Relieving Iraq of that burden, particularly if other important creditors follow suit, would make a significant contribution to Iraq's rebuilding effort.</p>