Iranian deputy FM blames US policies for global economic crisis

Iranian Deputy Foreign Minister Mohammad Mehdi Akhoundzadeh blamed the global economic crisis on the US, saying certain western states make an instrumental use of the world economy in a bid to attain their interests."The economic crisis caused by unjust global financial and economic mismanagement by a certain power has created a situation that no single country could escape its negative impact on its overall development programs," Akhoundzadeh said addressing the 11th Council of Ministers Meeting of the 18-member Indian Ocean Rim Association for Regional Cooperation (IOR-ARC). Akhoundzadeh said certain countries wanted to make "instrumental exploitation" of international economy and political bodies in favor of their own interest. No significant change would be expected to occur in the global economic status unless every country played its role in reforming the present economic situation, he said. Other speakers at the meeting dwelt on the issue of sea piracy and pressed the need for coordinated action to fight the menace.