DOHA: Iranian President Mahmoud Ahmadinejad blamed the West for the global financial crisis yesterday, saying other countries were being dragged in to help resolve Western problems.
“Leaders of the Western bloc ... are trying to extend their own crisis to the rest of the globe to portray it as global,” Ahmadinejad told a UN aid conference in Qatar’s capital.
“They dispatch different delegations to other countries and hold regional meetings and conferences in order to force other governments to get involved in this crisis to cover a part of their loss,” the president said.
The credit crunch has frozen lending markets, forced trillions in government bailouts and sent a number of nations into recession with many others hovering on the cusp of a severe economic downturn. The crisis has taken a heavy toll on poorer nations as trade and credit markets shrink.
According to World Bank estimates, 40 million people will be dragged into poverty in 2009 as a result of the global financial crisis and related economic meltdown.
The Iranian president said the capitalist era had come to an end and that the world should adopt a new system based on “religious, spiritual and non-usury” principles. “The capitalist bloc imposes its standards unilaterally on others,” he said. “While it prices its goods by itself, it determines the prices for the commodities of other nations to secure its own interests by using deceptive economic ploys.”
Iran faces UN and Western sanctions over its disputed atomic ambitions.
The country does not recognize Israel and President Ahmadinejad has repeatedly predicted the imminent demise of the Jewish state.
Ahmadinejad reiterated his views on the Jewish state yesterday, and condemned Israel’s blockade of the Gaza Strip, which is controlled by the Palestinian group Hamas.
“While expressing sympathy with Palestinians and warning professional Zionist criminals, I declare that the Zionist regime has reached the end of the road and more crimes cannot save it,” Ahmadinejad said.
“In near future the concepts of aggression and Zionism will be wiped from the world,” he told the conference.
Israel, which along with the United States accuses Iran of seeking atomic weapons, has never ruled out a military action to halt Tehran’s nuclear drive.
The UN aid meeting runs until Dec. 2 and is unrelated to the World Trade Organization’s Doha round.
Officials hope the conference will harden up general commitments by donors in Monterrey, Mexico, in 2002.
The meeting was to have marked a big step toward goals of reducing extreme poverty but has been overshadowed by the financial crisis.
