Tuesday, February 12

Berlin hardens trade stance with Iran

Berlin seems to be turning up the heat on Iran. See here. I quote:

Germany is cracking down on business with Iran far more systematically than suspected, unpublished figures from the economics ministry showed on Monday.
The new data show a dramatic drop in export credit guarantees granted to German exporters doing business with Iran last year, and a steady drop in exports to the country since 2005.

Iran was only Germany’s 40th biggest export market in 2006, according to figures from the Federal Statistical Office, with exports to the country totalling €4.15bn. The Islamic Republic is Germany’s 75th biggest source of imports . But Germany has been the biggest exporter to the country for the past 30 years. Iranian experts think China could have taken its place last year.

Curious, what exactly is Germany exporting to Iran which costs that much? Remeber Germany has had some dealings with both Iraq and Iranian attempts to build a bomb!

All this to be taken with a grain of piquant salt!!!

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