it probably doesn't matter whether it should apply or not. The U.S. has no problem being hypocritical on such things.
It arose out of the Spanish American war wrt to Cuba.
http://www.odiousdebts.org/odiousdebts/index.cfm?DSP=content&ContentID=6531http://www.odiousdebts.org/odiousdebts/index.cfm?DSP=content&ContentID=6946http://www.dissidentvoice.org/Articles4/Petersen_Debt-Forgiveness.htmI DO FIND IT INTERESTING THAT BREMER CONCEDED THAT THE $200 BILLION FOREIGN DEBT OF IRAQ IS THE U.S.'s RESPONSIBILITY. You don't hear that talked of too much, and I doubt most people realize it.
You add up the $79 billion, nolw the $87 billion, and then the $200 billion in foreign debt ... it's getting up there.