Russia’s Iran Offer

Russia is offering to build up to six new nuclear reactors for Iran. I think that if the loss of global consensus attendant on the Iraq war has a price, a ‘less cordinated world’ will be one part of it. I think there is a serious danger of all this getting out of control.

Russia has pressed ahead with construction of Iran’s first nuclear power plant near the southern city of Bushehr, dismissing Washington’s belief that Tehran could use Moscow’s technology and know-how to make an atom bomb. “When Iran announces new tenders to construct nuclear reactors, we’ll take part in them,” Alexander Rumyantsev, head of Russia’s Atomic Energy Agency, told Itar-Tass news agency.

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About Edward Hugh

Edward 'the bonobo is a Catalan economist of British extraction. After being born, brought-up and educated in the United Kingdom, Edward subsequently settled in Barcelona where he has now lived for over 15 years. As a consequence Edward considers himself to be "Catalan by adoption". He has also to some extent been "adopted by Catalonia", since throughout the current economic crisis he has been a constant voice on TV, radio and in the press arguing in favor of the need for some kind of internal devaluation if Spain wants to stay inside the Euro. By inclination he is a macro economist, but his obsession with trying to understand the economic impact of demographic changes has often taken him far from home, off and away from the more tranquil and placid pastures of the dismal science, into the bracken and thicket of demography, anthropology, biology, sociology and systems theory. All of which has lead him to ask himself whether Thomas Wolfe was not in fact right when he asserted that the fact of the matter is "you can never go home again".