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Mittwoch, 11. März 2009

Iran's president blames West for economic crisis


Wednesday, 11 March 2009 Iran's president blamed the West today for the global economic meltdown, saying capitalism had failed and US efforts to bail out companies was proof of its collapse.

President Mahmoud Ahmadinejad has repeatedly lashed out at the West for the current financial crisis, a tactic that many analysts say is meant to deflect criticism from the president's mismanagement of Iran's economy.

But his rhetoric has also got him in trouble back home from those who believe he has spent too much time slamming the West and not enough trying to fix Iran's domestic problems.

"The capitalist economy is on the verge of collapse. Capitalism as a system has failed," Ahmadinejad said in a speech at the opening of the Economic Cooperation Organisation summit in Tehran....more details here-->

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