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Diplomat: Western Officials See Iran's Economy Imploding Quickly

(Los Angeles Times) Paul Richter - Western governments believe that Iran's economy is imploding so quickly that it could essentially collapse next spring under the combined pressure of international sanctions, an oil embargo and internal mismanagement by officials in Tehran, said a European diplomat in Washington. Western government experts estimate that Iran will run out of foreign exchange reserves in six months to a year. Mark Dubowitz, executive director of the Foundation for Defense of Democracies, said an economic meltdown would need to occur at least six months before Iran reaches the nuclear threshold. That would allow time for the economic shock to "cascade through the political system, and convince the leadership they need to change course....These guys are hard core revolutionaries."
2012-10-17 00:00:00
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