Psycho4Bud
05-13-2006, 05:57 PM
TEHERAN, Iran - Iran increasingly finds itself in economic limbo as the international community mulls how it will respond to Teheran??s refusal to stop enriching uranium. Under threat of potential UN Security Council sanctions, Iranian businessmen and merchants complain of sluggish trade, lost investment opportunities and foreign capital flight. They blame their woes on the brewing nuclear crisis.
??The market is stagnant. Buyers can??t pay for the material they??ve purchased and their checks often bounce because of lack of funds,? said Amir Jazayeri, an iron trader.
He said that since President Mahmoud Ahmadinejad came to power, his business has slowed as compared to the days of the Iranian leader??s moderate predecessor, Mohammad Khatami. Businessmen, he says, are shying away from investing in Iran during this period of deep uncertainty.
??It was not brisk business during Khatami??s era, but the market was not so bad. There has been a clear economic recession since tensions rose over Iran??s nuclear activities beginning last summer. It has gotten worse in the past two months,? he said.
http://www.khaleejtimes.com/DisplayArticleNew.asp?xfile=data/middleeast/2006/May/middleeast_May305.xml§ion=middleeast
Iranians love their president....unless you talk about the fall in the economy. But that doesn't matter I guess...just as long as they get their nukes!:cool:
??The market is stagnant. Buyers can??t pay for the material they??ve purchased and their checks often bounce because of lack of funds,? said Amir Jazayeri, an iron trader.
He said that since President Mahmoud Ahmadinejad came to power, his business has slowed as compared to the days of the Iranian leader??s moderate predecessor, Mohammad Khatami. Businessmen, he says, are shying away from investing in Iran during this period of deep uncertainty.
??It was not brisk business during Khatami??s era, but the market was not so bad. There has been a clear economic recession since tensions rose over Iran??s nuclear activities beginning last summer. It has gotten worse in the past two months,? he said.
http://www.khaleejtimes.com/DisplayArticleNew.asp?xfile=data/middleeast/2006/May/middleeast_May305.xml§ion=middleeast
Iranians love their president....unless you talk about the fall in the economy. But that doesn't matter I guess...just as long as they get their nukes!:cool: