Saturday, April 21, 2012

Iran: Iran concerned over spread of euro crisis

Iran and Euro crisis
Source: IRNA

Washington, April 21, IRNA – Iran's Minister of Economic Affairs and Finance Shamseddin Hosseini Friday evening expressed his concern over expansion of euro crisis in the world.

Hosseini made the remarks while addressing the meeting of the G-24 (Intergovernmental Group of Twenty-Four) held in Washington on the sidelines of the 2012 Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group.

Referring to the economic crisis which led to economic insecurity in many parts of the world, Hosseini stressed that the important issue today is to prevent spread of the euro crisis.

Iran’s finance minister underlined that the economic recession in Europe has been mixed with shortage of oil and fluctuations in the oil markets.

He further pointed to the unilateral sanctions on Iran’s oil exports that have brought insecurity to the international energy markets.

He also voiced his concern over the huge gap between the poor and rich in the world and presented a proposal on poverty elimination.

Iran’s finance minister, heading a high-ranking economic delegation, arrived here to attend the 2012 Spring Meetings of the IMF and the World Bank Group.

The IMF and the World Bank Group hold two Spring and Annual meetings, every year. The host country for those meetings is selected every three years from among the member states.

The 2012 Spring Meetings are being held on April 20-22 and the Annual on October 12-14.

The 2012 Spring Meetings are to hold economic gathering, press conference and many other events concentrating on the global economy and financial situation.