> Iraq warned to end oil addiction to avoid financial shocks / 33G79B2
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Iraq warned to end oil addiction to avoid financial shocks / 33G79B2
Clip ID 2192379
Creator AFP
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Description
Colourful brand-new hybrid vehicles await buyers at a car dealership in the capital Baghdad as oil-dependent Iraq is being warned its economy risks going into financial trouble if it does not use bumper surpluses delivered by high crude prices to diversify its economy. "Currently, the whole economy depends on oil and the price of oil," political scientist Ammar al-Azzawi says, adding that the Gulf country needs to find "an alternative for oil". IMAGES AND SOUNDBITES