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October 1, 2012 2:00 pm

Israeli Minister of Finance: Iran’s Economy is Edging Towards Collapse

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Israeli Finance Minister Yuval Steinitz. Photo: Beit Hashalom.

JPost – Iran’s economy is edging towards collapse due to international sanctions over its controversial nuclear program, Finance Minister Yuval Steinitz told Israel Radio on Sunday.

Prime Minister Binyamin Netanyahu has said that, although sanctions are taking their toll, they are not yet forcing Iran to abandon work that could soon lead to a nuclear warhead.

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