Iran oil threat leaves Greece facing crisis on more than one front

ATHENS — Add the prospect of running out of oil to the mountain of problems that Greece is already facing.

Iran's threat this week to cut off oil to some European countries ahead of a boycott planned for July would do little harm to the continent's powerhouse countries. But Greece has been deeply dependent on Iran's oil, which it purchases on generous terms of credit, crucial when few others trust Greece to ever pay them back.

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Kevin Sieff 17 Feb, 2012


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Source: http://feeds.washingtonpost.com/click.phdo?i=901d8a05ac837bbcc1705e151efd5071
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