Wednesday, February 8, 2012

Member of the Economic Commission: the national economy would be affected because of the economic crisis, the European

2/8/2012

Baghdad (news) .. Warned a member of the Economic Commission for MP / coalition in Iraq / Qusay Friday of the impact of the economic crisis on the European economy on the export of Iraqi oil.
Juma said the Agency (news) said on Wednesday: The world today has become connected to each other, any global economic crisis hit America or Europe, it will affect the economies of the world's oil producers that demand will fall to the needs and production also decreases.
He pointed to: that the country is affected by any global crisis and directly the fact that its economy unilaterally supported entirely on oil revenues, indicating that the economic crisis, targeting primarily the basis of oil through lack of demand on the buy.
He added that in the event of deflation in the euro European markets will affect the Iraqi economy in terms of export of oil.
The Organization of Petroleum Exporting Countries expressed their fears in the event of continuing economic crisis, European through lack of demand for oil and lower prices, which is experiencing Europe's economic crisis, a new world led to the contraction of the euro in European markets, making a lot of labs European contingent, as in Greece. / End / 8. d. Q /

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