[Financial Times-UK] Chris Bryant - The German newspaper Handelsblatt said Chancellor Angela Merkel had instructed Michael Glos, the economics minister, to stop all federal credit guarantees covering exports to Iran. The action follows mounting criticism from the U.S. and Israel over Berlin's failure to rein in exports to Iran, despite a range of UN sanctions. In the first 11 months of last year German companies exported goods worth 3.6 billion euros to Iran, an increase of 10.5% on the same period in 2007.
2009-01-27 06:00:00Full ArticleBACK Visit the Daily Alert Archive