I
Iran’s two most powerful figures yesterday offered contrasting visions for the economy in speeches marking the Iranian new year, with Iranian Supreme Leader Ayatollah Ali Khamenei calling for self-reliance and Iranian President Hassan Rouhani urging cooperation with the world.
In Nowruz speeches, Khamenei and Rouhani looked back on the past year, which saw sanctions on Iran lifted under a nuclear deal with world powers, and agreed the economy should be a top priority in the new Iranian year.
Photo: AP
However, while Rouhani said further engagement with other countries was the key to economic growth, Khamenei reaffirmed his commitment to the concept of a “resistance economy” centered on self-sufficiency.
The competing messages underscore differences between the two leaders, who both subscribe to the principles of the Islamic Republic, but have divergent ideas about how it should engage with the global economy and in particular Western powers.
“I am sure that with cooperation and effort inside the country, and constructive engagement with the world, our economy can bloom and develop,” Rouhani said on the first day of the Iranian year 1395.
Khamenei declared 1395 the year of “the Resistance Economy: Action and Implementation,” and said the Islamic Republic should take steps to reduce its vulnerability to the designs of its “enemies,” meaning the US and its allies.
The 76-year-old cleric, Iran’s highest authority, has consistently warned against allowing any form of Western influence to enter the Islamic Republic and recently said the economy had not benefited from an influx of Western business delegations to Tehran.
Rouhani, who championed the nuclear deal that saw sanctions lifted in January, has said businesses from all countries are welcome to enter the market so long as they hire Iranian workers and bring economic development into the country.
The president’s allies made significant gains in parliamentary elections last month, which could help him push through economic reforms designed to welcome foreign investors.
However, Khamenei and the Guardian Council, a conservative clerical body, have veto power over all legislation.
TURNAROUND: The Liberal Party had trailed the Conservatives by a wide margin, but that was before Trump threatened to make Canada the US’ 51st state Canada’s ruling Liberals, who a few weeks ago looked certain to lose an election this year, are mounting a major comeback amid the threat of US tariffs and are tied with their rival Conservatives, according to three new polls. An Ipsos survey released late on Tuesday showed that the left-leaning Liberals have 38 percent public support and the official opposition center-right Conservatives have 36 percent. The Liberals have overturned a 26-point deficit in six weeks, and run advertisements comparing the Conservative leader to Trump. The Conservative strategy had long been to attack unpopular Canadian Prime Minister Justin Trudeau, but last month he
OPTIMISTIC: A Philippine Air Force spokeswoman said the military believed the crew were safe and were hopeful that they and the jet would be recovered A Philippine Air Force FA-50 jet and its two-person crew are missing after flying in support of ground forces fighting communist rebels in the southern Mindanao region, a military official said yesterday. Philippine Air Force spokeswoman Colonel Consuelo Castillo said the jet was flying “over land” on the way to its target area when it went missing during a “tactical night operation in support of our ground troops.” While she declined to provide mission specifics, Philippine Army spokesman Colonel Louie Dema-ala confirmed that the missing FA-50 was part of a squadron sent “to provide air support” to troops fighting communist rebels in
PROBE: Last week, Romanian prosecutors launched a criminal investigation against presidential candidate Calin Georgescu accusing him of supporting fascist groups Tens of thousands of protesters gathered in Romania’s capital on Saturday in the latest anti-government demonstration by far-right groups after a top court canceled a presidential election in the EU country last year. Protesters converged in front of the government building in Bucharest, waving Romania’s tricolor flags and chanting slogans such as “down with the government” and “thieves.” Many expressed support for Calin Georgescu, who emerged as the frontrunner in December’s canceled election, and demanded they be resumed from the second round. George Simion, the leader of the far-right Alliance for the Unity of Romanians (AUR), which organized the protest,
ECONOMIC DISTORTION? The US commerce secretary’s remarks echoed Elon Musk’s arguments that spending by the government does not create value for the economy US Secretary of Commerce Howard Lutnick on Sunday said that government spending could be separated from GDP reports, in response to questions about whether the spending cuts pushed by Elon Musk’s Department of Government Efficiency could possibly cause an economic downturn. “You know that governments historically have messed with GDP,” Lutnick said on Fox News Channel’s Sunday Morning Futures. “They count government spending as part of GDP. So I’m going to separate those two and make it transparent.” Doing so could potentially complicate or distort a fundamental measure of the US economy’s health. Government spending is traditionally included in the GDP because