Iranian Plan to ‘Airlift $350 Million’ From Germany to Tehran Sparks U.S. Anger
The U.S. ambassador to Germany has called on Berlin to block an Iranian plan to withdraw 300 million euros ($350 million) of cash from bank accounts in Germany to offset the effect of new U.S. financial sanctions imposed after Washington withdrew from a 2015 nuclear deal.
This comes after Washington recently announced new sanctions on Iran and ordered all countries to stop buying Iranian oil by November and foreign firms to stop doing business there or face U.S. blacklists.
Der Iran will 300 Millionen Euro in Deutschland loseisen und per Flieger heimholen. Die USA und Israel sind nicht erfreut.
European travelers have contended for weeks with the possibility that Greece’s dwindling finances might lead to empty ATMs. They should have concerned themselves instead with Germany.
While cash machines in Athens are still operating without any trouble, striking couriers in Berlin this week stopped filling ATMs, leading to a crunch for those trying to make withdrawals. And the open-ended labor dispute with a local security company means there’s no end in sight.
Berlin’s strike is the latest in a series of walkouts that have riled a nation more accustomed to mocking the labor strife which has so often beset neighboring France. A strike by train drivers that began Tuesday is paralyzing travel and clogging highways throughout Germany. That action follows a March walkout by pilots at Deutsche Lufthansa AG that led to flight cancellations for 220,000 people.
Like, duh. Because they’re the ones who have it all.
But the real point isn’t that Germans love cash. It’s that—for the same historical reasons—they loathe debt. (Armchair anthropologists have also long noted that German word for debt—Schulden—comes from the word for guilt, Schuld.)…
In other words, the German tendency to settle up in cash undeniably reflects the fact that for much of the last century, Germany has been either on the brink of, in the midst of, or struggling to recover from, disaster. And traumas like that are bound to leave, if you’ll excuse the pun, a mark.