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• Sanctions on Iran European companies worry and fears of its impact on economic growth
Friday, March 2, 2012
Bern - Talal safety
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A gas station in Athens raised the prices (Reuters). Jpg
There are questions about the extent of the interaction of European and Swiss companies, with the decisions of the European Union aimed to cripple trade with Iran, because the economic needs of Europe, including the growth and fight unemployment, more urgent than the geopolitical theories of the European and national security. Despite the actions taken by Europe against Iran publicly, it seems «compliance» European companies with the decisions of such a difficult but not subject to appeal.
Greece now give an additional pretext for companies wishing to continue in its trade relations with Iran, as opposed to the Government of Athens began to turn the European decisions. Enough, for example, to look at the needs of Greece contained in Iran's oil by 25 percent. How will the debt of Greece Sunken ally find a new business in the absence of Iran.
In general, panic began to sweep all the European and Swiss companies operating in the Mediterranean region, Africa and the Middle East. It translates to tighten sanctions on Iran, the European wave of massive lay off workers for these companies, especially if the latter within the ancient roots of the Iranian market.
For Iran to be affected, the experts felt that the commercial damage on Iran, will not be huge, and those buried under the burden of Europe's economic and financial. The Tehran government can do business easily with other countries, does not care about the decisions of the United Nations and the movement of the European Union. Among these countries, China, India and North Korea, and Turkey is now playing the role of mediator to build bridges between Iran and the clients, especially if we're talking about the payment and delivery of commercial goods.
Trade
He estimated the volume of trade exchange between each of the European Union's Eastern Iran with about 3 billion euros in 2011. The Italy and Germany, among these countries, and oil accounts for 90 percent of Iranian imports.
The European exports to Iran, made up two-thirds of the types of industrial machinery. In fact, apart from the calculations that led politicians of the West with the Tehran government, many believed that Iran engaged in stage investments in billions of dollars in infrastructure and industrial sectors.
In addition «springs» Finance derived from the sale of oil, Tehran's government is struggling furiously all kinds of illiteracy. Also contributes to the Iranians and 70 million, in the formation of an internal market raises appetite and Swiss European companies, especially in light of the global financial crisis. However, it is in this market penetration is impossible for Western companies in the last time you need, to marketing outlets to stay barely alive.
With regard to the holding of the major European sanctions on Iran, they do not include oil trade exclusively, but also the payment of goods between Iran and the West, which is suspended by the European and Swiss banks entirely.
Thus, experts predict that the break down of Western trade with Iran by 90 to 95 percent this year, which means that thousands of European companies would move to lay off thousands of workers, due to the suspension of its activities with Iran.
Riyal
It is true that the Iranian rial has dropped considerably in front of hard currency, but it is very clear, that the willingness of Western companies to deal with Iran at a later time, much stronger than the desire of the Tehran government in correcting the strength of its currency against the dollar.
Of course, can not the European Commission in Brussels, European companies to ignore the situation and the urgent need to make a profit, but it seems that the fear of surprises western Iran dominates the nuclear weapon of any economic Email can be used by Europe to help their companies.
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Friday, March 2, 2012
Bern - Talal safety
Related Nodes:
A gas station in Athens raised the prices (Reuters). Jpg
There are questions about the extent of the interaction of European and Swiss companies, with the decisions of the European Union aimed to cripple trade with Iran, because the economic needs of Europe, including the growth and fight unemployment, more urgent than the geopolitical theories of the European and national security. Despite the actions taken by Europe against Iran publicly, it seems «compliance» European companies with the decisions of such a difficult but not subject to appeal.
Greece now give an additional pretext for companies wishing to continue in its trade relations with Iran, as opposed to the Government of Athens began to turn the European decisions. Enough, for example, to look at the needs of Greece contained in Iran's oil by 25 percent. How will the debt of Greece Sunken ally find a new business in the absence of Iran.
In general, panic began to sweep all the European and Swiss companies operating in the Mediterranean region, Africa and the Middle East. It translates to tighten sanctions on Iran, the European wave of massive lay off workers for these companies, especially if the latter within the ancient roots of the Iranian market.
For Iran to be affected, the experts felt that the commercial damage on Iran, will not be huge, and those buried under the burden of Europe's economic and financial. The Tehran government can do business easily with other countries, does not care about the decisions of the United Nations and the movement of the European Union. Among these countries, China, India and North Korea, and Turkey is now playing the role of mediator to build bridges between Iran and the clients, especially if we're talking about the payment and delivery of commercial goods.
Trade
He estimated the volume of trade exchange between each of the European Union's Eastern Iran with about 3 billion euros in 2011. The Italy and Germany, among these countries, and oil accounts for 90 percent of Iranian imports.
The European exports to Iran, made up two-thirds of the types of industrial machinery. In fact, apart from the calculations that led politicians of the West with the Tehran government, many believed that Iran engaged in stage investments in billions of dollars in infrastructure and industrial sectors.
In addition «springs» Finance derived from the sale of oil, Tehran's government is struggling furiously all kinds of illiteracy. Also contributes to the Iranians and 70 million, in the formation of an internal market raises appetite and Swiss European companies, especially in light of the global financial crisis. However, it is in this market penetration is impossible for Western companies in the last time you need, to marketing outlets to stay barely alive.
With regard to the holding of the major European sanctions on Iran, they do not include oil trade exclusively, but also the payment of goods between Iran and the West, which is suspended by the European and Swiss banks entirely.
Thus, experts predict that the break down of Western trade with Iran by 90 to 95 percent this year, which means that thousands of European companies would move to lay off thousands of workers, due to the suspension of its activities with Iran.
Riyal
It is true that the Iranian rial has dropped considerably in front of hard currency, but it is very clear, that the willingness of Western companies to deal with Iran at a later time, much stronger than the desire of the Tehran government in correcting the strength of its currency against the dollar.
Of course, can not the European Commission in Brussels, European companies to ignore the situation and the urgent need to make a profit, but it seems that the fear of surprises western Iran dominates the nuclear weapon of any economic Email can be used by Europe to help their companies.
[You must be registered and logged in to see this link.]
