Solana: EU 'ready to move further' on stronger sanctions against Iran

The European Union is poised to issue stronger financial sanctions against Iran, an EU spokeswoman said Monday. Word of the agreement came after British Prime Minister Gordon Brown announced at a London news conference with US President George W. Bush that Britain is freezing the assets of Iran's largest bank to discourage Tehran from developing nuclear weapons. The EU has not yet announced stronger sanctions. But Cristina Gallach, spokeswoman for EU foreign affairs and security chief Javier Solana, said EU foreign ministers meeting in Luxembourg on Monday were prepared to take formal action and agreed in principle on the need for stronger sanctions.