Ministers Warn of Economic Crisis

TEHRAN (Dispatches) -- Four Iranian government ministers have broken ranks to warn of a possible economic crisis because of the plunge in prices of oil and other commodities.

Date: 05 October 2015 - 21:42

News ID: ۱۹۱۴۳

In a letter sent to President Hassan Rouhani that was published by newspapers Monday, the ministers of economy, industry, labor and defense said "incompatible" policies were causing harm. "If urgent action is not taken, stagnation could turn into crisis," the letter said, noting that capital was in short supply because of falling income from sales of oil, metals and minerals.