Tuesday, May 23, 2006

John Rosenthal: Are They "Willing"? (Germany, the EU and Iranian Trade Sanctions)

Rosenthal quotes from Nikolas Busse in May 10th's Frankfurter Allgemeine Zeitung via Transatlantic Intelligencer,
More comprehensive sanctions [i.e. including commercial sanctions] would be tied to ever higher costs also for the West – and, in particular, for Germany. Should commercial sanctions be applied, it would be first and foremost the EU states that are affected. In 2004, Germany was the most important supplier of Iran (12.3% of all imports), followed by France (8.5%), Italy (7.9%), and China (7.5%). Due to its long-term cooperation with Europe and a lack of local know-how, Iran is particularly dependent upon imports in the automobile and machine-building industries and the oil and gas sectors. As consequence, Iran could be highly susceptible to sanctions.
I'm guessing they'll be unwilling. Via Mediankritik

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