Iran's economy goes from bad to worse

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The European Union has begun preliminary talks on a broad trade embargo against Iran.

The Islamic republic is already reeling from western sanctions.

Senior foreign affairs correspondent Amy Kellogg shows us things are bad and getting worse.

Here Ronnie and government can't afford to lose the support of these -- the conservative merchant class.

Who played a big part in the 1979.

Islamic revolution.

Now turning on the regime's.

They're angry about the wild currency fluctuations.

He Ronnie and we all lost more than a third of its value against the dollar in one week.

Add to that reports of a new wave of unemployment as factories -- -- simply can't pay employees.

The only history they admire you know -- collection did more serious economic recession.

Its exclusion of choices.

Which believe -- in my eyes can -- to social auto -- -- commitments and unstable you have never seen since four years ago.

Sanctions have severely restricted Iran's access to foreign currency.

But Iran's government also gets the blame I think say they have made their own government decisions having nothing to do with.

The sanctions that have had.

An impact on the economic.

Conditions inside the country one Iranian woman who did not want to be identified out of fear of repercussions -- -- economic stability goes.

People will truly be angry.

You have to do we know so many things about your your email and the common though I think -- -- you race.

Without music we balance these continued programs and -- -- -- the -- -- the only thing that that we parent patent.

People can call me fat and find and higher.

Hundred fans are okay I have more might he might lose it will be more secure.

Experts tell me that much of the middle class have depleted their savings as the gap between rich and poor grows in Iran.

-- Amy thank you.

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