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Saturday, November 12, 2011

EU mulls new sanctions against defiant Iran

EU mulls new sanctions against defiant Iran: "Tehran says it needs the fuel to make isotopes for cancer treatment.

A leading Israeli investment firm said on Thursday any military strike on Iranian nuclear facilities would exact an economic price too high for the world to accept.

A oil price surge, the costs of war and damage to global trade would be too great and would deter world powers from serious action, said Amir Kahanovich, chief economist at Clal Finance, one of Israel's largest brokerage houses."

'via Blog this'

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