CONTROVERSIAL VIEWS ON LONG TERM FINANCIAL AND ECONOMIC DEFECTS IN BOTH EUROPE AND IRAN, DUE TO THE EUROPEAN UNION COUNTRIES SANCTION ON IRAN'S CRUDE OIL EXPORT.

CONTROVERSIAL VIEWS ON LONG TERM FINANCIAL AND ECONOMIC DEFECTS IN BOTH EUROPE AND IRAN, DUE TO THE EUROPEAN UNION SANCTION ON IRAN'S CRUDE OIL EXPORT.

      Controversial views on long term financial and economic defects in both Europe and Iran, due to the European Union countries sanction on Iran's oil export to the European Union countries and other European countries such as Russia with the Eastern block countries have been apparent in the financial, economic production and the drastic devaluation of Iran's stronger currency the Rial which caused financial instability in the Iranian capital Tehran that further resulted in the government's crack down on illegale foreign currencies exchange dealers and on the demonstrators that have protested by demonstrations against the government's inaction in regard to the ccontinuous financial and economic down-grade in Tehran. However, some experts explanation of the drastic decline in Iran's valued currency has been referred to as attributes of the decrease in price of crude oil per barrel of crude oil that has fallen from the price of over a hundred dollars ($100.00) to the current price of eighty two dollars ($82.00) in the World's financial markets, besides the sanction on the exports of other items imposed by both the European Union and America, rather than the concern and the crack down on both the legale and the illegale foreign currencies exchange dealers in
Tehran. Other sources claimed that increased quarter of crude oil export by Saudi Arabia in the World's financial markets may have attributed to the drastic fall of the Iranian currency.

                                                      Written by Professor Godfrey Ohia.