Tuesday, June 12, 2007

Ahmadinejad Comes Under Attack from Iranian Economists

BBC: Fifty-seven Iranian economists have launched a scathing attack on President Mahmoud Ahmadinejad.

They have accused his government of ignoring the basics of economics.

The university professors say mismanagement is inflicting a huge cost on the economy, the brunt of which will be borne by people with modest means.

This comes as the price of housing has almost doubled in the last year and food is getting more expensive by the week in Iran.

In an open letter to the media, the economists warned that the government of Mr Ahmadinejad had been making hasty and unscientific decisions, and that if this continued Iran would be pushed into a complex economic crisis.

They say instead of analysing the situation, the government just argues official statistics are wrong, and presents its own questionable figures to say the economy is prospering. Economists attack Iran policies (more) By Frances Harrison

Mark Alexander