Based on media reports from November 11, 2008

IRAN

Based on media reports from November 11, 2008

The economists lay most of the blame on Ahmadinejad's foreign policy, which has led to UN sanctions costing the country billions of dollars and scaring off potential foreign investors. Furthermore, the economists accuse their president of failing to invest in the oil production and refining industries, both of which are in dire straits. The letter also predicts hyperinflation followed by social unrest if Ahmadinejad does not abandon his subsidy reform plan.