December 2, 2013

The Ayatollah's Windfall

Ottolenghi & Ghasseminejad, National Post

The Associated Press

If any proof was needed that the nuclear compromise hammered out in Geneva last month between Iran and the six world powers is a mistake, look no further than the psychological impact it had on Iran’s sanctions’ battered economy. Evidence of such boost is already available: Within hours, Iran’s currency, the Rial, appreciated by 5% and shares of petrochemical companies soared on Tehran’s Stock Exchange, a sure sign that the agreement provides an economic lifeline to the Iranian regime in exchange for no meaningful or irreversible concessions.

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TAGGED: Ali Khamenei, Iran

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