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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Mike Johnston who wrote (50435)	1/20/2006 1:48:37 PM
From: shades	of 110194

DJ US: Iran 'Further Isolating' Self By Moving Europe Assets . NEW YORK (Dow Jones)--The U.S. warned Friday that Iran risked further isolation after its central bank governor reportedly said the country would move its foreign exchange reserves out of European banks as a protection against any possible U.N. sanctions over its nuclear program. "I think it is an indication that Iran is further isolating itself from the rest of the world," State Department spokesman Sean McCormack said, according to the transcript of a regular news briefing. "I don't know what it is that they hope to accomplish by doing this." According to analysts' estimates, the transfer of Iranian foreign currency reserves out of Europe could affect as much as $50 billion in deposits. (END) Dow Jones Newswires

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