Economist: Iraq is on the verge of a frightening economic collapse
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Shaker, a member of the dissolved local council in Baquba, told the correspondent of the Iraqi National News Agency ( NINA ): "The Iraqi economy depends entirely on oil resources without the presence of other supporting ingredients for the economy, and here lies the danger of the Iraqi economic situation, which is subject to gradual collapse without any plans. Real advancement, "indicating:" Iraq is on the verge of a frightening economic collapse unless there are real treatments. "
He added: "The near future may have more impact on the livelihood of the citizen, and that foreign loans and the imposition of interest cannot be paid by the Iraqi economy," calling on government agencies to activate economic resources by restoring life to closed factories, activating taxes, controlling border outlets and exploiting gas. Natural and expanding and increasing oil production, to get out of the crisis and the looming collapse. "/ Ended[/rtl]