Europe Is Seeking “Practical Solution” To Salvage Iran Deal

• Europe Is Seeking “Practical Solution” To Salvage Iran Deal
  by Tyler Durden, https://www.zerohedge.com/
  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.
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  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.
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  “We are working on finding a practical solution,” Mogherini told a news conference.
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  “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.
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  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.
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