Germany has more to lose from any economic sanctions on Iran than other Western countries as it is the world's biggest exporter to the Islamic republic, a leading German industry group said on Thursday.There's no slut like a dumb slut.
"Our exports of goods and services to Iran are worth around 4 billion euros ($4.8 billion)," Michael Pfeiffer, a foreign trade expert at the German Chamber of Industry and Trade (DIHK), told Reuters. That was up from some 3.6 billion euros in 2004.
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Pfeiffer said a Western embargo would be disastrous for Germany, struggling with a double-digit unemployment rate and sluggish economic growth. "With our unemployment problem and weak economy, this wouldn't be good at all," Pfeiffer said.
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Pfeiffer said sanctions were generally not an effective weapon. "We saw that in Iraq," he said, adding: "One must remain in dialogue with a country like Iran".
Thursday, December 15, 2005
I wonder if Mike stands on corners in a spandex outfit?
Germany loses big if Iran faces sanctions: