Home
Warnings from the national economy is affected by the crisis of the European
Date: Thursday, 09.02.2012 7:40
Baghdad / follow-up long
warned a member of the Economic Commission deputy Qusay Friday of the impact of the economic crisis, the European on the Iraqi economy in terms of export of oil.
Juma said the Agency (news): The world today has become connected together by what a global economic crisis hit America or Europe, it will affect the the economies of the world's oil producers that demand will fall to the needs and production also decreases.
He added that the country is affected by any global crisis and directly the fact that its economy one-sided and dependent entirely on oil revenues, indicating that the economic crisis, targeting primarily the basis of oil through lack of demand to buy it. He continued that in the event of deflation euro in European markets will affect the Iraqi economy on the export of oil.
The Organization of Petroleum Exporting Countries expressed their fears in the event of continuing economic crisis, European through lack of demand for oil and lower prices, which is experiencing Europe's economic crisis, a new world led to the contraction of the euro in European markets, making a lot of labs European contingent, as in of Greece.
[You must be registered and logged in to see this link.]
