- By pursuing the continuation of the Iran nuclear deal, Europe is definitely angering America. The amount of business Europe has with America is definitely more than with Iran. So, what is going on here? Will a European corporation say BMW, Mercedes … risk their business in America for significantly smaller business in Iran? Think about it. Something else is happening.
- May, Macron and Merkel Arrive for EU Summit Where They Will Make a Last Ditched Attempt to Save Iran Nuclear Deal as US Sanctions Begin to Bite
by TARIQ TAHIR FOR MAILONLINE, http://www.dailymail.co.uk/
* European leaders are meeting in Sofia amid mounting concerns about Iran
* They are keen to protect substantial business developed after sanctions lifted
* European companies are worried they will fall foul of US if they continue in Iran
* French energy giant Total already pulled out of $1bn Iran deal, others following
European leaders have arrived at a summit in Sofia in a bid to save the Iran nuclear deal in the wake of Donald Trump‘s decision to re-impose sanctions on the Islamic Republic.
The 28 worried EU leaders are gathering in the Bulgarian capital for discussions over dinner on how to salvage the nuclear deal and European business dealings with Iran from Trump’s sanctions. They will also discuss measures for avoiding a trade war in an escalating steel tariff dispute with the United States.
Theresa May, Emmanuel Macron and Angela Merkel have all expressed their desire to see the deal continue but are faced with the prospect of US sanctions affecting the European countries ability to do business with Iran. The trio will ‘present their assessment of the situation’ to their colleagues over dinner, it was reported.
Sanctions are already beginning to bite with French energy giant Total preparing to pull out of a billion dollar gas project in Iran. Total was the first major Western energy company to invest in Iran after sanctions with Iran were lifted but it has been joined by German insurer Allianz and Danish tanker operator Maersk in winding down their business in Iran.