Member of the Economic Commission: the national economy woul

[Stillw8n]

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

Baghdad (news) .. Warned a member of the Economic Commission deputy / coalition in Iraq / Qusay Friday of the impact of the economic crisis, the European on the Iraqi economy in terms of export of 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 needs will decline 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 for buy it.

He added that in the event of deflation euro in 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 global led to the contraction of the euro in European markets, making a lot of European laboratories parked as in Greece.

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