Iran General NewsIran blames 'unfair' economic order for global crisis

Iran blames ‘unfair’ economic order for global crisis

-

ImageAFP: Iran's hardline President Mahmoud Ahmadinejad accused the United States and other world powers on Wednesday of creating an "unfair" economic order which has triggered the global financial crisis.

ImageTEHRAN (AFP) — Iran's hardline President Mahmoud Ahmadinejad accused the United States and other world powers on Wednesday of creating an "unfair" economic order which has triggered the global financial crisis.

In an opening speech at a summit of the regional Economic Cooperation Organisation (ECO) in Tehran, Ahmadinejad said "the United States and some of its allies are at the centre of the economic crisis."

"Capitalism as a system has failed. The economic order is unfair and irresponsible. Unfortunately nations of the world have to pay the cost of inefficient policies of certain nations."

Ahmadinejad, known for his anti-US tirades, called on ECO members to overcome the "threats" posed by the financial crisis and transform them into "opportunities."

"The threat of unfair international order can be changed to create a safe economic situation for our countries" by developing trade between ECO member states, Ahmadinejad said.

He also called for setting up a common bank of ECO members that can help boost commerce among the members.

Ahmadinejad himself has come under fire in Iran over his expansionary economic policies and fuelling inflation.

The summit of ECO — a regional organisation founded in 1985 by Iran, Pakistan and Turkey — aims to focus on the global financial crisis and its impact on the region.

It is being attended by Afghan President Hamid Karzai, his Pakistani counterpart Asif Ali Zardari and Turkish President Abdullah Gul, along with leaders of other members such as Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan.

Iraqi President Jalal Talabani and Syrian Vice President Faruq al-Shara also attended as honorary guests.

Karzai, in his address at the summit, urged ECO members to help Kabul fight drug smuggling.

"I have to accept the bitter truth that my country is the centre of opium production," Karzai said.

"The people of Afghanistan are the true victims of terrorism and there is a direct link between drug smuggling and terrorism. We want the (ECO) members to help us in combating them," he said, adding that Iran has already been doing so.

Iran is suffering badly from the effects of opium production in Afghanistan, with easily available heroin fuelling a rise in drug use.

Shiite Iran, which has close ethnic and religious ties with Afghanistan, has also opposed the Taliban, comprised of Sunni Muslim extremists and backed by Pakistan until the September 11, 2001 attacks on the United States.

Karzai said efforts are being made to "boost ties among members states" of ECO but urged additional cooperation with other Asian countries.

Karzai's visit to Iran has gained added significance amid reports that Iran is considering attending an international conference backed by the United States on Afghanistan later this month.

He is expected to push Iran to attend the conference aimed at helping world powers in restoring stability in his violence-wracked country.

Latest news

Frustration of Iran’s Middle Class

These days, the middle class of Iran still maintains its cultural conditions, but economically it has collapsed into the...

Hamid Noury Contradicts His Own Testimony During His Trial

The fifth day of former Iranian prison official Hamid Noury’s own testimony at his trial in Sweden took place...

Iran: Militarization of the Country’s Education

After months of contention about the position of the minister of education, the Iranian regime’s president Ebrahim Raisi finally...

As Thousands of Iranian Prisoners Were Executed in the 1988 Massacre, the World Remained Silent

With the trial of former Iranian prison official Hamid Noury still ongoing in Sweden, proceedings were briefly expedited to...

Even a Revived JCPOA Will Not Save Iran’s Government

Since the beginning of the Iranian regime’s nuclear crisis, which was revealed by the Iranian opposition group, the MEK,...

Iran’s 1988 Massacre Will Never Be Erased From History

As the trial of former Iranian prison official Hamid Noury races forward in Sweden, supporters of the Iranian Resistance...

Must read

U.S. Presses Russia to Halt Trade In Nuclear Technology With Iran

Washington Post: The Bush administration Monday tried to increase...

U.S. commander says Iraqi cleric Sadr in Iran

Reuters: Powerful Iraqi Shi'ite cleric Moqtada al-Sadr is in...

You might also likeRELATED
Recommended to you