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Ahmadinejad blames lack of piety for credit crunch


Iranian President Mahmoud Ahmadinejad This article or section may contain inappropriate or misinterpreted which do not the text.
Please help [ improve this article] by checking for inaccuracies.
 on Wednesday blamed a lack of attention to religion and God for the crisis in global financial markets.

"Their economy is collapsing... the reason for their defeat is that they have abandoned faith in God and piety," Ahmadinejad said in a televised speech in the northeastern city of Bojnurd.

The financial crisis is a sign that the domination of "international thieves" is over, he said, in comments following the same theme as a speech on Monday by Pope Benedict XVI Editing of this page by unregistered or newly registered users is currently disabled due to vandalism. .

The repercussions repercussions nplrépercussions fpl

repercussions nplAuswirkungen pl 
 of the credit crunch Credit Crunch

An economic condition whereby investment capital is difficult to obtain. Banks and investors become weary of lending funds to corporations thereby driving up the price of debt products for borrowers.
 are "evidence that God's promise is being delivered, that tyrants and corrupt (people) should go and be replaced by the pious and believers," he said.

"God willing, a global government of justice will be set up with the resistance of Iranian people as the flag-bearers (of the movement) led by Imam Mahdi."

The president is a devotee of the Mahdi, the 12th imam of Shiite Islam, who Shiites believe disappeared more than 1,000 years ago and who will return one day to usher in Verb 1. usher in - be a precursor of; "The fall of the Berlin Wall ushered in the post-Cold War period"
inaugurate, introduce

commence, lead off, start, begin - set in motion, cause to start; "The U.S.
 a new era of peace and harmony.

Pope Benedict For other uses, see Benedict.
Benedict is the regnal name of the current Roman pontiff, Pope Benedict XVI (2005–present) and has been the name of fourteen other popes (and three antipopes):
  • Pope Benedict I (575–579)
 said the financial crisis sweeping the world proves the futility of craving success and money and urged instead that people base their lives on the word of God.

Those who seek "success, career or money are building (their lives) on sand," Benedict told a synod of bishops at the Vatican.
Copyright 2008 AFP Global Edition
No portion of this article can be reproduced without the express written permission from the copyright holder.
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Author:AFP
Publication:AFP Global Edition
Date:Oct 8, 2008
Words:233
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