Business
Western Government Sees Iran’s Economy Imploding Quickly
Western officials believe that Iran’s economy is crashing so quickly that it has the potential to merge the next spring under the collapsed pressure of oil embargo, international sanctions, and internal negligence by governments in Tehran.
The government officials in West predicts that Iran will be given all the foreign trade reserves and there won’t be any changes made to the policy for another 6 months or a year, making it unfeasible for the Islamic government to export their items foreign. In order to buy the imported things, Islamic Republic will have to run its public services and manufacturing sector, said by one of the European diplomats.
Western officials have made their policies very strict this time on Iran in the hope to cripple the trades. The tightened economic sanctions set off an monetary crisis, which will force heads in Tehran to abandon or curb a nuclear program, which the Western government fears is planned at constructing a nuclear bomb. The capital ofIran,Tehranhas stayed rebellious, claiming that it’s uranium enrichment process for peaceful purposes. Officials of West believe that enriching uranium at the full scale might cause imbalance payment and threaten the government’s survival, sparking domestic unrest.
The European Union made changes in its policy, adding a new sanction onIran’s financial, energy, and natural resources divisions. The changes likely to imbalanceIran’s foreign exchange reserves further and speed up the plunge in the assets of its currency. The new sanctions cut offIran’s oil exports by half and limited its ability to conduct global financial transactions, told by a diplomat, who spoke to the media regarding the inscrutability or secrecy due to the diplomatic sensitivity of the issue.
West has been waiting for the moment whenIran’s foreign currency reserves will run low, as they want to force the nation to give up its nuclear program before it starts enriching enough uranium and start working on building a warhead. If everything happens accordingly,Israel’s government believes that time to come next spring, but Barack Obama’s government says it may be several years off.
Other Western officials have kept mum and may come up with their thoughts whenIranwill reach the crisis point. The executive director of Democracies Mark Dubowitz said that economy condense needs to occur beforeIranreaches its goal. The meltdown should happen at least 6 months prior toIran’s nuclear development. Cliff Kupchan, one of the analysts said that it’s quite hard to predict when Iran’s economy will be turned down and hence, it is better to come up with new and complex factors to analyze things in a better way.
