Financial Times Deutschland (via Bloomberg) | Feb 12 2003 | Matthew Miller
Berlin, Feb. 11 (Bloomberg) -- Iraq wants to reward Germany with 2 billion euros ($2.15 billion) in orders this year for its ``fair stance'' in the middle-eastern country's confrontation with the U.S., the Financial Times Deutschland said, citing a diplomat. German companies will be given ``highest priority'' and thousands of jobs will be created in Europe's largest economy, Iraq's German charge d'affaires Muayad Hussian told the paper. Iraq plans to boost its trade volume with Germany ten times to 3 billion euros this year, the diplomat said. German Chancellor Gerhard Schroeder's refusal to back the U.S. in a possible strike against Iraq and Germany's unwillingness to vote in favor of a resolution sanctioning military action in the United Nations Security Council may hurt exports, warned Anton Boerner, president of the BGA association of wholesalers and exporters, last month. The German economy barely grew last year. Only a 2.9 percent rise in exports prevented Europe's largest economy from slipping into recession. Exports contribute about a third of gross domestic product and the U.S. buys a tenth of Germany's exports.
--Matthew Miller in the Berlin newsroom (49 30) 726 26 2809, or at [email protected].
End of story-
So, Irag is buying Germany's support!
Berlin, Feb. 11 (Bloomberg) -- Iraq wants to reward Germany with 2 billion euros ($2.15 billion) in orders this year for its ``fair stance'' in the middle-eastern country's confrontation with the U.S., the Financial Times Deutschland said, citing a diplomat. German companies will be given ``highest priority'' and thousands of jobs will be created in Europe's largest economy, Iraq's German charge d'affaires Muayad Hussian told the paper. Iraq plans to boost its trade volume with Germany ten times to 3 billion euros this year, the diplomat said. German Chancellor Gerhard Schroeder's refusal to back the U.S. in a possible strike against Iraq and Germany's unwillingness to vote in favor of a resolution sanctioning military action in the United Nations Security Council may hurt exports, warned Anton Boerner, president of the BGA association of wholesalers and exporters, last month. The German economy barely grew last year. Only a 2.9 percent rise in exports prevented Europe's largest economy from slipping into recession. Exports contribute about a third of gross domestic product and the U.S. buys a tenth of Germany's exports.
--Matthew Miller in the Berlin newsroom (49 30) 726 26 2809, or at [email protected].
End of story-
So, Irag is buying Germany's support!
