Europe Is Seeking "Practical Solution" To Salvage Iran Deal

Much to President Trump's chagrin, The European Union's top diplomat, Federica Mogherini, said on Tuesday that the bloc would seek avenues for protecting businesses operating in Iran - even as the US threatens to impose tighter sanctions on any company that dares to continue operating in Iran after the US has revived its economic sanctions.

While it couldn't provide any economic or legal guarantees to the Islamic Republic, Mogherini said they would find a way to keep badly needed investment flowing into Iran. A series of experts have been assigned to the issue, and they're expected to propose a few options in the coming weeks.

Mogherini

Federica Mogherini

"We are working on finding a practical solution," Mogherini told a news conference.

"We are talking about solutions to keep the deal alive," she said, adding that measures would seek to allow Iran to keep exporting oil and for European banks to operate.

The EU has already warned the US that it's prepared to impose "counter-sanctions" if the US interferes with European firms who choose to maintain their business relationships in Iran, as President Trump threatened to do in a phone call with European leaders shortly before he announced the US's withdrawal from the agreement, according to Reuters.

Iranian President Hassan Rouhani surprised the other signatories of the Joint Comprehensive Plan of Action last week when he said Iran would continue to abide by the terms of the deal - for now, at least - and give the other signatories a chance to salvage it.

Both Russia and China have expressed regret over the US's decision. Both have vowed to maintain ties with Iran in accordance with the deal.

Of course, Europe has an ulterior motive for safeguarding its relationship with Iran: Russia, Iran's primary ally among the major world powers, remains the biggest supplier of energy to Europe, especially during winter.

Though the US has extended a waiver for its steel and aluminum sanctions, growing trade tensions between the EU and the US are threatening to further erode their relationship.

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Comments

Pandelis Bubba Rum Das Wed, 05/16/2018 - 01:32 Permalink

i really do not get this Kerry negotiating on the side kind of thing ... it is the stupidiest thing to come up with.

i understand the real game is war, but to come up with Kerry negotiating on the side as the alternative to solve it is the most stupid thing ever heard ... but, yeah well ... we live in a world when the most senior advisor to the President does not have security clearance, so black is white and white is black reality tv.

In reply to by Bubba Rum Das

Bubba Rum Das halcyon Wed, 05/16/2018 - 02:35 Permalink

The EU Jews don't want to lose their gas & oil deals! Wahhh! Wahhh!

Chinese are already taking over those oil deals from French Total Oil due to 'Wailing Wall Donnie' reimposing sanctions on Iran.

War w/ Iran??? That will mean 'War with China'...Not a fucking chance in hell.

Once China moves in, watch, even Israel will tone down their shit...Unless they really do want Armageddon, you know, part of that whole Judeo-Christian fairy tale; gimmee a fuckin break, are they really this stupid?

Never mind, no need to answer that one.

In reply to by halcyon

msamour nmewn Wed, 05/16/2018 - 08:17 Permalink

Yes, the astute among us are well aware the "deal" was never a treaty. It was never ratified by the rightful authorities. Having said that, the Republic of the United States has been dead for a long time, so expecting law to be followed is a moot issue at this point. There is no such things as laws, there are only conveniences for a specific class of people. The rest of us live at our own peril...

In reply to by nmewn

kralizec Bubba Rum Das Wed, 05/16/2018 - 08:19 Permalink

Whatever...

Fugly Federica can dress as a ewe and show her bits to Rouhani and take what he gives her and call it good.

And if the retrograde EUroTards get bent over by Russia and China for oil & gas why should the US give a flying fornication? 

These ingrates have been resentful of the US ever since they rebuilt their war-torn shitholes and guarded their borders.

Enough is enough...they can swim...or sink...by themselves!

In reply to by Bubba Rum Das

msamour Money_for_Nothing Wed, 05/16/2018 - 08:22 Permalink

The entire interbank transfer system can be renominated in any currency in a matter of days. They only need to change the source code. If the Europeans finally decide they have enough of the Corporation of THE UNITED STATES OF AMERICA, they will switch the denomination to Special Drawing Rights. This has been a plan for many years, and it can be turned on in a fairly quick order.

The Elites always have a plan B in case they get kicked out of a land. SDR's is their plan B for keeping control of the world's financial system. If the European Elites split from the US Elites, they will switch to SDR's without approval of the US.

In reply to by Money_for_Nothing

Offthebeach Pandelis Wed, 05/16/2018 - 03:59 Permalink

What's so hard to understand?  Kerry, stupid.  Stupid. Kerry.  

There, that's not so hard, is it?

Vietnam. Three months, three Purple Hearts, no stitches.

Protester, threw store bought medels over White House stunt, kept his.

Never met a comnie or muslim he didn't love.

Married two rich women.  In between, slept in car.

Had one buisness.  A cookie shop.  Failed.

Known in Boston as " Live Shot" for love of media camera. Also as "Lurch" from 1960's TV show,  " The Munsters"( RIP, Fred Gywnne)

Likes stretchy bicycle shorts.

 

In reply to by Pandelis

Scipio Africanuz Pandelis Wed, 05/16/2018 - 08:16 Permalink

Complex problems usually have simple solutions, don't overthink the situation! I'm sure someone in Europe and Iran understand the concept of the middle man. If direct dealing is nebulous, what then, is to be sanctioned!

Now, who might qualify as the man in the middle?

A broker will of course, demand a fee, but then again, the broker is bearing risk so why not?

So again, who might qualify to broker deals?

Note to Europe: Use your IMAGINATION!!!

In reply to by Pandelis

TheRideNeverEnds Pearson365 Wed, 05/16/2018 - 01:47 Permalink

You hear about the “””deal””” but nobody argues the specifics.  What parts exactly do they want to keep?  

 

The part that allows them to enrich and stockpile uranium? 

The part where all sanctions related to nuclear activities are lifted? 

The part where inspections are at their discretion? 

The part where we give them billions of dollars for doing it? 

 

I suspect 95%+ of those expressing an opinion on it have no idea what it actually entails.  

In reply to by Pearson365

Bubba Rum Das platyops Wed, 05/16/2018 - 02:42 Permalink

But Puhlleeeaze do notice that 'Wailing Wall Donnie' did not  start whining about the Nuke deal big time until Bolton got on board & then the Iranians stated that they were going to DUMP the Petro Dollar...
Every other country that has threatened this has basically been bombed into the stone age...

Of course w/ the Chinese taking the place of the EU oil companies in Iran, does 'Wailing Wall Donnie' wish to risk war w/ China/ Russia? I seriously doubt it.

In reply to by platyops

Bubba Rum Das jabu Wed, 05/16/2018 - 02:46 Permalink

Obama gave them $150 billion, which is half of the Iranian assets that were in deposit in US banks at the time of the Iranian revolution, when they overthrew the CIA installed Shah...
The other 150 Billion we either still have or Congress robbed, just like they did Social Security...

NOT even Americans can trust their own government, for fucks sake, how can anyone else trust them? Seriously.

In reply to by jabu

wisehiney Wed, 05/16/2018 - 01:04 Permalink

Fucking hell.

Conway Twitty looked better than that biotch.

Someone help.

March winds bring April showers bring May flowers, bring June buds.

Amen.

Cloud9.5 wisehiney Wed, 05/16/2018 - 08:12 Permalink

Now, now, you do remember that half the country allegedly voted for Hillary.  I said allegedly because no one can be believed anymore.  Even with my glasses off, this little darling is a 10 when compared to the Whore of Babylon. Consider her for her point of view not her looks.  Like all of us she is talking her book.

In reply to by wisehiney

gwar5 Wed, 05/16/2018 - 01:21 Permalink

No, do not salvage that piece of shit of a deal!! It is not even a treaty or a deal because nothing was even signed by anybody on either side. It was a de facto unilateral gift by Obama to Iran.

Obama unilaterally gave $150 Billion American taxpayer money to Iran so they could pay the Russians (for their ongoing nuclear debt/work), fund terrorism and buy Airbus jetliners from the EU which is why Europe liked this 'deal'. It was just a huge money laundering operation and did nothing for America or Americans. And payola and bribes galore, the Europeans gave up nothing so, of course, they liked it. 

American taxpayers were left holding the bag and still be expected to protect Europeans from Iranian nuclear missiles because the EU has no military.

MAGA = Make Assholes Get Angry

 

 

Oldwood gwar5 Wed, 05/16/2018 - 02:01 Permalink

Money isn't real, but what people do with it can be very real. Taxpayers will never miss it (we can print more) but what Iran does with it matters greatly. One would think this "deal" would have shown real benefits to their economy, but apparently the only "growth" has been in their military. So what was the deal for? Was it to foster a peaceful relationship, or financially enable them to DO what the sanctions has suppressed? One thing to note is ow few American companies benefitted from this deal compared to the rest of the world.

The FACT that the rest of the world wants to defy our sanctions now when they at least symbolically honored them before speaks greatly as to how unbalanced this deal was for America....but nobody cares, right?

In reply to by gwar5

philipat gwar5 Wed, 05/16/2018 - 02:19 Permalink

Hey, well done, ALL of your post is incorrect!

First, JCPOA was ratified by the UNSC and so it is binding on the Parties under International law. So the US just reneged unilaterally on ANOTHER binding commitment, just like the ABM treaty. Is it any wonder that ROW doesn't trust the US and sees absolutely no useful purposes in entering into any agreement with the US.

Second, the $150 Billion at issue was NOT US taxpayer money as you state. In fact, it was Iran's own funds which had been stuck in the USD Banking system as a result of the arbitrary unilateral application of sanctions on Iran by the US. As a consequence of JCPOA, Iran's OWN funds with accumulated interest were released back to Iran.

Do try to get your facts straight and perhaps stop watching Zionist neocon Greg Hunter?

In reply to by gwar5