Iran blames US 'hegemony' for financial crisis

Iran blamed the United States on Thursday for triggering global financial meltdown, saying the "hegemonic" nature of the US economy affected other economies. Speaking on the sidelines of a conference in Kazakhstan, Iranian Foreign Minister Manouchehr Mottaki said it was time to set up a "fair international financial system" to curb the impact of the US economy on world finances.
"The economic crisis in America had an immediate impact on the economies of other countries," said Mottaki. "We believe that this (crisis) was caused by moves to impose one hegemonic economy on all the other economies."