Economic Specialist: Recovery of the eurozone economy will be reflected positively on the economies of oil-exporting States

Posted: August 19, 2013 in Iraqi Dinar/Politics
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18-08-2013 01:03 PM
Baghdad (newsletter). He specialised in Economic Affairs Mohammad Ali Dergham, the eurozone economic recovery will have a positive impact on developing countries of petroleum source, including Iraq.

He Mehmet Ali (News Agency): the crisis
The economic region in the world, it reflected negatively on the rest of the regions and vice versa, so that the economic recovery in the industrialized and wealthy, such as European countries have a positive impact on the rest of the States, particularly oil exporting countries.

He added: the industrial wheel when going around in Europe they need higher energy levels which will increase the demand and energy recovery and the recovery of prices, in addition to the recovery of the developing countries ‘ exports to Europe as well.

He noted: the programmes of assistance provided by European countries and financial facilities, concessional loans would be better off in overcoming the economic crisis, all this will be reflected positively on the concept of development.

He pointed out: that Iraq is one of the States that benefit from the economic recovery of Europe positively so that growing recovery positively affect energy demand and oil price levels, which is the main source of income in Iraq.

The trade surplus has increased to euro-zone countries, evidence of an economic recovery after a financial and economic crisis, which hit some European countries such as Greece and Spain


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