October 5, 2012

History Says Iran Far from Collapse

Alan Philps, The National

AP Photo

On Sunday the Israeli finance minister, Yuval Steinitz, declared that the Iranian economy was "on the verge of collapse". Sanctions were finally working and causing the Iranians "great economic difficulties", as a result of an estimated annual loss of $45 billion to $50 billion (Dh165 billion to Dh184 billion) in oil revenues.

The previous day, the Israeli foreign minister, Avigdor Lieberman, said that he believed the mullahs would soon be overthrown by an "Iranian-style Tahrir revolution", such as the one that toppled Hosni Mubarak in Egypt.

These statements should not be taken at face value.

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TAGGED: Sanctions, Israel, Iran

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