|
Trending Topics
|
Source: http://online.wsj.com/article/SB119127575423745569.html
Iran's Economic Suicide
[Wall Street Journal] Stuart Levey - Tehran's pursuit of nuclear weapons and its radical foreign policies have provoked international sanctions and President Mahmoud Ahmadinejad's blunders are debilitating Iran's economy. Sustained international pressure on Iran is having an impact. More banks world-wide are refusing to deal with Iran in any currency. The OECD recently increased Iran's risk classification for the likelihood that the country will pay its external debts to its second-worst rating - equal to that of Gabon and Swaziland. The writer is undersecretary for terrorism and financial intelligence in the U.S. Treasury Department.