The Public Relations Department of the Organization for Investment, Economic & Technical Assistance of Iran (OIETAI) cited Mr. Alishiri, the Vice Minister for Economic Affairs and Finance and the President of OIETAI as saying: "although the west and the US administration has offered packages of economic and financial incentives to get out of the current crisis and despite some mild recovery in financial markets, we need to be profoundly concerned about the serious aftershocks of the crisis and its cyclical moves in the future".

Alishiri went on to say: "first off, economic stimulants and bailouts are temporary measures and can not be considered as fundamental changes. Secondly, despite the fact that Federal Reserve has injected thousands of billion dollars into the US housing market, balance has not yet been restored to the markets".

He noted: "the downfalls in the budgets of big powers especially the US have set the alarms bells ringing for the markets, therefore reemergence of new crises and declines in stock, housing and capital markets is still a possibility."

Referring to the deepening of the crisis in some regional countries and Europe such as Greece, the President of the Organization for Investment, Economic & Technical Assistance of Iran (OIETAI) said: "they all indicate that world economy's convalescence is not over yet!"

Mr. Alishiri reiterated: "the developing countries especially those in the Middle East and ECO members still need to keep vigilant and brace themselves for the new repercussions and possible exacerbation of the crisis through their group efforts so that the baneful effects of the crisis will be minimized".

In conclusion, he expressed hope that regional cooperation organizations like ECO will strive to find ways to strengthen cooperation and convergences more than before.