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Steinitz: Iran economy near
collapse due to sanctions

Jerusalem Post [Israel] & Reuters, by Staff

Original Article

Posted By:Photoonist, 9/30/2012 4:04:29 PM

Iran's economy is edging towards collapse due to international sanctions over its controversial nuclear program, Finance Minister Yuval Steinitz told Israel Radio on Sunday. Prime Minister Binyamin Netanyahu has said that, although sanctions are taking their toll, they are not yet forcing Iran to abandon work that could soon lead to a nuclear warhead. However, Israeli officials appear increasingly ready to acknowledge the effect of recent American and European sanctions designed to restrict Iran's lifeline oil exports. "The sanctions on Iran in the past year jumped a level," Steinitz said.

Comments:
The sanctions are effecting the weak Iranian economy but the Iranian military expansion is actually increasing. All this indicates to me is that with the economic sanctions that the Iranian Islamonazis must make something happen sooner, rather than later.

  

Post Reply  

Reply 1 - Posted by: dman, 9/30/2012 4:20:42 PM     (No. 8900623)

Agreed, OP. This should be a cause for alarm, not optimism. At this point, an economically crippled Iran is dangerous like a cornered, wounded animal. Wounded, but still militarily alive. The momentum for war, on both sides, is building exponentially. How can it be stopped, or even should it be stopped - considering the consequences of a nuclear Iran?


Reply 2 - Posted by: Michaelus, 9/30/2012 4:36:50 PM     (No. 8900641)

Sanctions worked so well with Iraq and any minute now Cuba is going to come around......


   

 

  


 
Reply 3 - Posted by: KTWO, 9/30/2012 4:37:15 PM     (No. 8900644)

Hard to tell about sanctions and such. The world is too complex. There are various nations who do help Iran, if only to aggravate the West.

North Korea has lasted sixty years. If a regime is willing to be brutal enough anything can happen.

If Iran gets desperate enough it will trigger a war. Otherwise it will trigger a war.


Reply 4 - Posted by: Constitutional, 9/30/2012 5:00:52 PM     (No. 8900671)

Sanctions do not reach the people in charge, period. If the hope is for the affected people to rise up against their leaders -- get serious.

Remember the objective here. Iran only needs time to develop their nuclear capability... all they have to do is hold out a little longer -- against citizens who already failed at an uprising and have no weapons or resources or foreign aid -- and then everything is moot: The world then has to deal with a nuclear capable Iran, which is what they wanted all along, and no amount of sanctions put the genie back in the bottle.

Given those conditions, Iran has no motivation to allow any pitiful sanctions to stop their progress. And that doesn't even begin to address their fanatical devotion to their doomsday anti-Israel cult ideals, which elevate this to a whole new level of dedication and willingness to persevere despite western interference.

Thinking this will be solved without military action is just insane. Israel knows that, even if the US administration and socialist Europe don't... and they will eventually act unilaterally if they are abandoned.


Reply 5 - Posted by: geneinnyc, 9/30/2012 5:35:33 PM     (No. 8900732)

The mullahs are in a race against time, in the (reasonable) belief that if they can get the bomb before their economy collapses, the West will be forced to lift the sanctions. Israel should wait as long as possible, then bomb the nuclear sites, to allow the longest possible time for the economy to collapse before Iran can rebuild. If necessary, repeat every couple of years.


Reply 6 - Posted by: Japanorama, 9/30/2012 5:40:45 PM     (No. 8900739)

Sniff. Where's my nanoviolin?


Reply 7 - Posted by: Charactercounts, 9/30/2012 9:02:43 PM     (No. 8901009)

#4, the people did try to rise up against the mullahs a while back. Obama uttered not one word of encouragement, and their movement was brutally put down. Remember Neda?


   

 

  


 

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