President advises nations to save their economies from collapse of capitalism

TEHRAN (IRNA) -- President Mahmud Ahmadinejad said Monday evening that the independent states are expected to look for a new way for their progress in light of the end of capitalism.

In a telephone conversation with his Ecuadorian counterpart, Rafael Correa Delgado, he said that since Ecuador is dependent on its own people, the recent global crises cannot damage its government and nation.

Expressing his satisfaction with the upcoming visit to Tehran of President Delgado, he called for settlement of the world problems through dialogue.

President Delgado, for his part, welcomed expansion of relations with the Islamic Republic of Iran.

He said due to the intense economic crisis in the U.S., Iran and Ecuador should further bolster their amicable relations in all areas.

He praised Iran's development and progress in science and technology.

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