Professor Paul Wachtel comments on how the Iran nuclear deal will affect the world economy
— July 15, 2015
Excerpt from Voice of America -- "With sanctions being removed slowly, by timetable agreement, Paul Wachtel, economics professor at New York University's Stern School of Business, said, 'In the short run, the effects will be relatively limited. The sanctions don’t even get removed immediately...I wouldn't expect much to happen for the next six months, a year, maybe two years. Beyond that, it will begin to affect the world economy. In a sense, Iran is a large economy, it’s got a large population, a well-educated population and lots of economic resources. If this agreement leads to Iran being integrated into the global economy, you have got a brand-new big player in the world economy.'"