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East-West Debt july 2004 news, Emerging Markets update : IRAN
IRAN news in short Europe has criticised Iran’s “flawed” elections and gave warning that the conservative landslide would cast a chill in relations between Tehran and the West. EU foreign ministers made the criticism in a joint statement. Jack Straw, the British foreign secretary, noted that turnout was down by 25 % from the first free elections in 1997 and that reformist candidates were “not on offer” in at least half of the constituencies. Many Iranians and foreign diplomats fear that the conservative victory heralds the end of seven years of reform. In the past few years, Iran has fostered a more friendly relationship to Europe to counter a more aggressive stance from the United States.
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