Backers of Shariah-compliant finance see an opportunity for expansion amid the global economic downturn, and some Western banks are welcoming this growing source of new business.
Mr Steinmeier, who is under pressure from the SPD to demonstrate someeconomic leadership before the election, has now seized on Ms Merkel's obstinacy as an opportunity.
We may have lost some innocence, moreover, but America still remains a bastion of civil and political freedom and a locus of economicopportunity in a world not precisely overflowing with either of these things.