|
CAIRO, Egypt (AP) - Iran's decision to raise gasoline prices has thrown new light on one of its most entrenched problems — the danger a vulnerable, subsidized economy poses for a country under international pressure over its nuclear program.
Experts warn of the popular backlash that other countries have faced when dealing with the same need to raise long-subsidized staple prices, including in Indonesia which saw a wave of protests in 2005.
At the same time, they doubt the 25 percent price hike imposed last week on Iran's gasoline will do much, on its own, to solve the country's underlying economic problems.
|