Siemens signs a lucrative deal Iraq | financial

Besides Siemens, the American General Electric (GE) was also in the running for the project. GE strongly supported the US authorities. They even threatened to take action against Iraq if the country wished to join forces with Siemens. The United States would also have promised Iraq the necessary weapons.

The emphatic intervention of Americans went against the painful leg of the largest German industrial federation, among others. According to the IDB, America's America First attitude influences business decisions. The working method of the Americans is also unacceptable, said the director of the BDI, Joachim Lang, to the German daily Welt am Sonntag.

hours of work and bank guarantees. Siemens has promised affordable and reliable electricity. Germans also work to fight corruption and help build schools and hospitals. According to the Siemens Summit, these promises were decisive.