Iran's Already Depressed Economy Hard Hit by Nuke Crisis--Daily Star

[Gloria]

From the new World Media Watch up now at http://www.zianet.com/insightanalytical
Tomorrow at Buzzflash.com


2//The Daily Star, Lebanon Monday, February 06, 2006

http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=21973



IRAN’S ALREADY DEPRESSED ECONOMY HARD HIT BY NUCLEAR CRISIS

Hopes of private-sector boom dashed by international tensions

By Agence France Presse (AFP)

TEHRAN: Iran's struggling economy is headed for the doldrums amid a worsening international crisis over its nuclear program and despite the country's lucrative oil revenues, analysts and businessmen say. Although the economy is state-dominated and largely kept afloat by crude sales, the regime had been pinning its hopes on a private sector boom to bring down soaring youth unemployment and add some badly-needed weight to the non-oil sector.



But the weekend vote by International Atomic Energy Agency's 35-nation board of governors to report Iran to the UN Security Council looks set to throw a spanner in the works.



"Investors have to feel secure, and now there are worries about the nuclear case," explained a disheartened broken at Tehran's stock exchange, which has already seen several years of strong growth wiped out by fears over the escalating tensions with the West.



"For the past week, we've already seen a downward trend. The market has been in fear regarding the fate of our nuclear case. The case going to the UN Security Council will be a shock to the market," said the trader, who asked not to be named.



Other, more traditional sectors for local investors, are also coming to a grinding halt.

MORE

[enid602]

1. bourse

NPR reported this past Friday that the US has been pressuring all major European and Asian corporations to boycott Iran entirely. Not so subtle threats as to what the Iranians can expect if they go ahead and start charging in Euros on March 1. Union Bank of Switzerland agreed to pull out of Iran (under such pressure) last week; we must be threatening to eject foreign corps from the US if they continue to do business with Iran. Dollar diplomacy at it's finest. I hate to see what else lies in our arsenal should this effort not be enough.

[DemInDistress]

2. Iran only needs to sit tight and watch America implode

under the massive debt it accumulated over the last 4yrs. and if scumbag bush and the crime family attack Iran
oil at 130.00 dollars or higher will crush America (at least the remaining middle class and poor) also,Iran may get help from China, Venezuela, and Russia so,who wins?

[tatertop]

4. Iran is going to give us a hard lesson

Those good people are used to hardship.
The Iraq-Iran war just ended in 1988.
Perhaps as many as 2 million casualties.
Among the many gruesome aspects
of that war were the thousands of unarmed children sent out in human waves to clear minefields.

We cry if our power goes out for a day.

They will endure the first six months
following the invasion without a second thought.
After the first six months we will be totally
demoralized; shocked and awed
by the little country that fought back.

[megatherium]

5. We will be humiliated by the little country

that questions the Holocaust and which practices judicial murder of gay people.

[tatertop]

6. Bush could teach advanced seminars on sins against humanity

[megatherium]

7. All too true. nt

[lovuian]

3. They don't seem very hurt???

They seem very wealthy!!!

[VegasWolf]

8. More amerikkan psyops by Bushco! nt

[VegasWolf]

9. More amerikkan psyops by Bushco! nt