Sunday, November 26, 2006

Hassan II - Morocco's defunct tyrant




1-When the future Hassan II put his finger on Morocco he said: 'This is my father's estate'. There's no difference in Morocco between the State budget and the budget of the Royal Household. Hassan II owns everything. He rules the country as if it were still the Middle Ages and even looks on his ministers as slaves.


2-King Hassan's personal wealth was estimated at $40 billion. The country's national debt stands at around $20 billion. Until about 10 years ago, King Hassan used to figure in the Fortune magazine's annual list of the world's wealthiest people. One third of Morocco's budget is used to service foreign debt. The Opposite, in exile, has been asking questions about the King's huge private fortune. Reports in Spanish papers after Hassan's death said that the King had 20 bank accounts. He owned around 20 opulent palaces in Morocco, besides a mansion in a 400-hectare estate near Paris. There is considerable speculation regarding the source of his wealth. Hassan' father, King Mohammed V, was not known to be very rich.

ressources:

Ahmed rami statements to Spanish magazine interview 1983

FRONTLINE, India's National Magazine, August, 1999

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