3.11.2009

Iran says capitalism on the verge of collapse

TEHRAN (Reuters) – Iranian President Mahmoud Ahmadinejad told regional leaders on Wednesday that the capitalist system was close to collapse.

Opening a one-day summit of the 10-nation Economic Cooperation Organization (ECO) including Turkey, Pakistan and other neighbors, he also suggested a single currency should be used in trade between members.

"After the collapse of the closed socialist economy, the capitalist economy is also on the verge of collapse," Ahmadinejad said in a speech.

Read more @ Yahoo News


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