Iraq faces economic crunch- VP

BAGHDAD / IraqiNews.com: Iraqi Vice President Adel Abdemahdi on Sunday said that Iraq is currently facing an economic crisis as a result of the fall in international oil prices. “The government has to handle this crisis as early as possible, not wait unit its repercussions affect the lives of people, and reconstruction and development projects,” according to a presidential statement received by IraqiNews.com. The statement was issued following Abdelmahdi’s meeting with President Jalal al-Talabani in Baghdad earlier today. SS (P) 1