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Last update - 14:38 29/11/2008
Ahmadinejad blames West for spreading economic crisis to world
By Reuters
Tags: Iran, economic crisis 

Iranian President Mahmoud Ahmadinejad blamed the West for the global financial crisis on Saturday, saying other countries were being dragged in to help resolve Western problems.

"Leaders of the Western bloc ... are trying to extend their own crisis to the rest of the globe to portray it as global," Ahmadinejad told a United Nations aid conference in Qatar's capital.

"They dispatch different delegations to other countries and hold regional meetings and conferences in order to force other governments to get involved in this crisis to cover a part of their loss."
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The credit crunch has frozen lending markets, forced trillions in government bailouts and sent a raft of nations into recession with many others hovering on the cusp of a severe economic downturn. The crisis has taken a heavy toll on poorer nations as trade and credit markets shrink.

According to World Bank estimates, 40 million people will be dragged into poverty in 2009 as a result of the global financial crisis and related economic meltdown.

The Iranian president, who often rails against the West, said the capitalist era had come to an end and said the world should adopt a new system based on "religious, spiritual and non-usury" principles.

"The capitalist bloc imposes its standards unilaterally on others," he said. "While it prices its goods by itself, it determines the prices for the commodities of other nations to secure its own interests by using deceptive economic ploys."

Iran faces UN and Western sanctions over its disputed atomic ambitions. The country does not recognize Israel and its hardline president has often predicted the state's imminent demise.

Ahmadinejad reiterated his views on the Jewish state on Saturday, and condemned Israel's blockade of the Gaza Strip, which is controlled by the Palestinian militant Islamic group Hamas.

The UN aid meeting runs until Dec. 2 and is unrelated to the World Trade Organization's Doha round.

Officials hope the conference will harden up general commitments by donors in Monterrey, Mexico, in 2002. The meeting was to have marked a big step toward goals of reducing extreme poverty but has been overshadowed by the financial crisis.

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      1.   ANOTHER STUPID ahdmadnejad THING TO SAY 15:00  |  dav zee 29/11/08
      2.   Ignore the Man Behind the Curtain 15:01  |  Mark Lincoln 29/11/08
      3.   KHAFESH SHO Dr. Ahmadinejad!!! 16:15  |  Lavi 29/11/08
      4.   Retire Now Ahmadinejad! Quit! 17:17  |  Yosemite 29/11/08
      5.   A one resource country 17:47  |  Ron 29/11/08
      6.   To Mark Lincoln 19:18  |  Felix 29/11/08
      7.   One more thing 22:59  |  MARK KLEIN, M.D. 29/11/08
      8.   Duh, we "Westeners" have said so weeks ago 00:08  |  Kris Lazar 30/11/08
      9.   # 4 Go learn who really makes the oil-prices 00:11  |  Kris Lazar 30/11/08
      10.   Finally, something to agree with him. But should have said Bush! 01:44  |  David Turner 30/11/08
      11.   Sour grapes on the part of ahmedinejad 01:52  |  Conroy 30/11/08
      12.   history and now economics 01:59  |  wondering jew 30/11/08
      13.   If Ahmadinajad said it, 03:30  |  utagawa 30/11/08
      14.   NOT BUSH OR THE REPUBLICANS 03:50  |  X-MILITARY 30/11/08
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