Germany struggles to unravel export credit ties with Iran

(IHT, Darmstadt, 20 September 2007) Germany’s Economics Ministry has scaled back the export credit guarantees it issues for trade with Iran from $3.3 billion in 2004 to $1.2 billion last year. But German companies still exported $5.7 billion worth of goods to Iran in 2006, up from $5 billion in 2004.