Financial and Banking News


West Germany Resumes Aid to Syria

West Germany has decided to unfreeze DM146mn ($76mn) of annual economic aid to Syria because of efforts by Damascus "to distance itself from terrorism," according to a statement issued by a West German Foreign Ministry official on 13 July. The aid freeze, enacted last November, followed accusations that Syria was involved in a bomb attack on a West Berlin bar. Meanwhile, EEC Foreign Ministers agreed on 15...