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Jessica Mendoza

๐Ÿ‘ค Speaker
5952 total appearances

Appearances Over Time

Podcast Appearances

The Journal.
The Bank Collapse Behind Iran's Protests

What did it look like for everyday Iranians?

The Journal.
The Bank Collapse Behind Iran's Protests

The collapse of Ayande Bank made things even worse.

The Journal.
The Bank Collapse Behind Iran's Protests

The bank left behind a massive pile of debt that became the responsibility of the Iranian government, which was already strapped for cash.

The Journal.
The Bank Collapse Behind Iran's Protests

In December, the government announced that it would be making serious budget cuts.

The Journal.
The Bank Collapse Behind Iran's Protests

These proposed austerity measures added up to a $10 billion cut in subsidies.

The Journal.
The Bank Collapse Behind Iran's Protests

For many Iranians, this was the last straw.

The Journal.
The Bank Collapse Behind Iran's Protests

hundreds of merchants who don't typically join mass protests took to the streets of Tehran.

The Journal.
The Bank Collapse Behind Iran's Protests

In an effort to mollify protesters, the government introduced a monthly cash subsidy of 10 million rials per person.

The Journal.
The Bank Collapse Behind Iran's Protests

That's the equivalent of about seven US dollars.

The Journal.
The Bank Collapse Behind Iran's Protests

Can you talk about the scale of these protests, how they grew in the past few weeks?

The Journal.
The Bank Collapse Behind Iran's Protests

And how has the Iranian government responded?

The Journal.
The Bank Collapse Behind Iran's Protests

Human rights activists in Iran, a watchdog group, said it confirmed the deaths of more than 2,600 people and more than 18,000 arrests.

The Journal.
The Bank Collapse Behind Iran's Protests

Officials in the region have said they'd seen a drop in protest activity recently, and residents reported an eerie quiet after days of violence.

The Journal.
The Bank Collapse Behind Iran's Protests

But it's hard to tell exactly what's happening, because the Iran government has imposed a near-total communications blackout.

The Journal.
The Bank Collapse Behind Iran's Protests

There's virtually no internet access in the country at all.

The Journal.
The Bank Collapse Behind Iran's Protests

For days, President Trump has threatened to take action against Iran if it killed protesters.

The Journal.
The Bank Collapse Behind Iran's Protests

On Wednesday, he said that Iran had stopped killing people.

The Journal.
The Bank Collapse Behind Iran's Protests

You mentioned several times that a lot of what happened in the last year and what led ultimately to what's going on now and what happened in December, it's a story of what happens when a country is totally isolated, especially financially.

The Journal.
The Bank Collapse Behind Iran's Protests

Was this inevitable?

The Journal.
The Bank Collapse Behind Iran's Protests

Was there anything the Iranian government could have done to prevent this from happening?