Finance Minister: Iran´s Economy Near Collapse (INN) ISRAEL NATIONAL NEWS) By Gil Ronen 04/09/12)
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"The Iranian economy is near collapse, therefore it is time to
continue to tighten the sanctions without letting up," Finance
Minister Dr. Yuval Steinitz told visiting the Italian Prime Minister
Recent sanctions against Iran included the cutting off of the
country´s banks by the SWIFT monetary transfer service and moves
against its central bank.
In his meeting with Prof. Mario Monti, who also serves as Italy´s
Finance Minister, the two statesmen agreed on establishing a joint
technological research fund that would encourage technological and
industrial cooperation between the two countries´ high-tech
Other matters discussed included the large deal in which the IDF is
purchasing Italian-made trainer jets, and the reciprocal purchases
that the Italians will make in Israel, from the Israel Aerospace
Industries, Rafael and Elbit.
Monti expressed great interest in Israel´s two-year budget and said
that European countries need to examine the idea positively.
(IsraelNationalNews © 2012 04/09/12)
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