Iran General NewsIran blames U.S. "hegemony" for financial crisis

Iran blames U.S. “hegemony” for financial crisis


ImageReuters: Iran blamed the United States on Thursday for triggering global financial meltdown, saying the "hegemonic" nature of the U.S. economy affected other economies.

ImageASTANA (Reuters) – Iran blamed the United States on Thursday for triggering global financial meltdown, saying the "hegemonic" nature of the U.S. economy affected other economies. Speaking on the sidelines of a conference in Kazakhstan, Iranian Foreign Minister Manouchehr Mottaki said it was time to set up a "fair international financial system" to curb the impact of the U.S. economy on world finances.

"The economic crisis in America had an immediate impact on the economies of other countries," said Mottaki.

"We believe that this (crisis) was caused by moves to impose one hegemonic economy on all the other economies."

Iran is at loggerheads with the United States and other Western nations over its nuclear program which Tehran says is for peaceful purposes but which the West fears is aimed at developing atomic weapons.

OPEC-member Iran says it would survive the global crisis better than others because its economy had grown more independent since the 1979 Islamic revolution.

But economists disagree, saying Iran cannot stay immune from a possible world economic downturn because of its reliance on oil revenues to fund its budget.

"Unfortunately only one economy in the world continues to receive revenue even when other parts of the world are suffering from the crisis," Mottaki said, referring to the United States.

"We believe the only way out of this is to set up a fair international financial system."

(Reporting by Raushan Nurshayeva; writing by Maria Golovnina; editing by Philippa Fletcher)

Latest news

Iran’s Economic Challenges in 2023: Inflation, Investment, and International Relations

As Iran enters the new Persian year, regime experts are raising concerns about the state of the country's economy....

What Gas Poisonings In Iran Tell Us About The Ruling Regime

For months schools in Iran have been in the crosshairs of gas attacks against the country’s children. The mullahs’...

Iran’s Regime Inches Toward Nuclear Weapons

Iran’s regime is once again at the center of a dangerous escalation of the proliferation of nuclear weapons. A...

US Congress Expresses Support for Iranian People’s Quest for a Democratic, Secular Republic

Several bipartisan members of the U.S. House of Representatives have presented a resolution (H. RES. 100) supporting the Iranian...

Wave Of Poisoning Attacks Against Schools Leave Hundreds Sick

Iran has been shaken for three months by serial poisoning attacks against all-girls schools, which has left more than...

Iranian Security Forces Beat Baluch Doctor To Death

On Thursday, February 23, activists in Sistan and Baluchestan provinces reported the news of the death of Dr. Ebrahim...

Must read

Pilgrim bus rolls over in northern Iran, 23 dead

Reuters: A bus carrying pilgrims across northern Iran rolled...

Enemies cannot stop our nuclear work: Iran

Reuters: Iranian President Mahmoud Ahmadinejad said on Friday Iran's...

You might also likeRELATED
Recommended to you