One Political Expert: Iraqi Bank Warns of a Return to the Financial Crisis

February 22, 2010 · Posted in NEWS
BAGHDAD – Yasser incumbent
Iraqi bank expert warned of the possibility of the return of the global financial crisis and its impact to square one after he got Banhsarha optimism. General Manager of the Trade Bank of Iraq (TBI) Azri Hussein during an interview with (economic morning) that the financial crisis is not over yet

We see it now plaguing Greece, Spain and Italy. And confirmed that she will have a major in international markets, and the reasons attributed to the debt of Greece and $ 300 billion, and said that this situation requires quick handling and accurate.

He hinted that the euro zone would be most affected by this crisis in the absence of the euro countries, Greece’s support, to avoid a financial crisis and rid it of debt.

On the question about the implications of the crisis on Iraq, Al-Azri, we did not very much affected by the crisis for several reasons, among these reasons, successful financial policy pursued by the Ministry of Finance. Azri occur through dialogue as well as a plan Trade Bank of Iraq (TBI) for 2010, noting that the bank is moving towards activity investment after it was restricted to commercial activity, revealing that the bank has introduced a special section to invest with the task of identifying the aspects of project financing, and then create an investment fund with the participation of international financial institution to manage the investment portfolio and to assist in attracting foreign funds.

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