Published on Iranian.com (//legacy.iranian.com/main)
Iran's economic crisis escalates
soberlook.com / soberlook
04-Aug-2012 (3 comments)

Many economists, though, say that even without the sanctions, Iran would still have big problems: a legacy of inflationary oil spending and budget-busting state subsidies of food, gasoline and other basic items that encouraged overconsumption and the steady erosion of the country’s industrial base.  “Many fundaments of the economy of our country have been destroyed over the past years,” said Mr. Raghfar, the economist. “And now, slowly but surely, the chickens have come home to roost.”

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ayatoilet1

Big Problems Even Without Sanctions

by ayatoilet1 on Sat Aug 04, 2012 08:18 PM PDT

Sanctions are giving mullahs cover. Its an opportunity to blame outsiders for their failure. Sanctions are extending their 'reign'.

Balatarin
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Source URL (retrieved on 12/07/2012 - 07:55): //legacy.iranian.com/main/news/2012/08/04/irans-economic-crisis-escalates

 
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