Friday, January 28, 2005

European Firms React to U.S. Hard Line On Iran Strike

The Wall Street Journal:
Some big European companies are distancing themselves from Iran amid growing concern the Islamic state could become the next U.S. military target -- and growing pressure by Washington to sever ties with Tehran.

Recent moves by Germany's Thyssen-Krupp AG and BP PLC, the British oil titan, underscore both the heightened nervousness in some European boardrooms about Iran's alleged nuclear ambitions and the sway Washington has over foreign companies that do business in the U.S. ...

"Iran can look forward to a richer relationship with the European Union, as long as the international community can be confident that Iran's nuclear program is not being developed for military purposes." more