Wednesday, 12 February 2014

Rouhani Seeks Economic Fix as Iran Commemorates Revolution - Bloomberg

Rouhani Seeks Economic Fix as Iran Commemorates Revolution - Bloomberg:



"Iranian President Hassan Rouhani had foreign-policy successes to showcase when he spoke in Tehran’s Azadi Square today to mark the 35th anniversary of Iran’s Islamic revolution. The economic gains will follow, he said. 




Since taking office in August, Rouhani has eased the isolation Iran endured under Mahmoud Ahmadinejad. He spoke by phone with Barack Obama, made concessions that led to a nuclear deal, and visited the World Economic Forum in Davos. The country has mended fences with the U.K., and a stream of ministers and businessmen are visiting Tehran.



Behind the optimism lies economic unease, aggravated by sanctions on oil and banks that remain in place. Millions of Iranians lined up for hours last week to get food handouts and some of them left emptyhanded. The incident prompted a rare apology from Rouhani, who promised during the election campaign that smoother diplomacy would lead to better living standards."



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