Just in. Iran says will not retreat on nuclear issue despite economic woes

Sanctions are certainly affecting Iran's economy, however, please keep in mind two facts:

1- The sanctions are affecting the people... not the government, not Ahmadi Najad... and the main problem is that he doesn't give a shit if all the people die from starvation... so how can you punish him by starving his people?

2- Iran's Economy is not doing as bad as someone would expect, as China, Russia, Pakistan, Argentina, Syria... and few other countries maintain a good relation with Iran despite the sanctions..

3- Iran has oil and gas...

so it is maintaining a positive budget surplus, current account balance and as a result its DEBT per GDP ratio is decreasing


Debt - external
$17.9 billion (31 December 2011 est.)
$22.1 billion (31 December 2010 est.)

Current account balance
$42 billion (2011 est.)
$25.46 billion (2010 est.)

Budget surplus (+) or deficit (-)
8% of GDP (2011 est.)


source
[link to lebanese-economy-forum.com]

thanks for info.