The Europe That Can Say No?

EU president and Polish politician Donald Tusk says the U.S. acts with “capricious assertiveness.” With friends like this who needs enemies?” he asked the other day, adding, “If you need a helping hand you will find one at the end of your arm.”

EU vice-president Federica Mogherini met with European and Iranian representatives after the U.S. decision to leave the Iran nuclear agreement. She committed Europe to the following:

  • Maintaining and deepening economic relations with Iran;
  • The continued sale of Iran’s oil and gas condensate petroleum products and petrochemicals and related transfers;
  • Effective banking transactions with Iran;
  • Continued sea, land, air and rail transportation relations with Iran;
  • The further provision of export credit and development of special purpose vehicles in financial banking, insurance and trade areas, with the aim of facilitating economic and financial cooperation, including by offering practical support for trade and investment;
  • The further development and implementation of Memoranda of Understanding and contracts between European companies and Iranian counterparts;
  • Further investments in Iran;
  • The protection of European Union economic operators and ensuring legal certainty:
  • And last but not least, the further development of a transparent, rules-based business environment in Iran.

Meanwhile U.S. National Security Advisor John Bolton asks rhetorically on ABC: “Why would any business, why would the shareholders of any…

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