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From United Press International
May 19 (UPI) -- The European Union's energy commissioner said Saturday the EU will stay committed the Iran nuclear deal as long as it complies.
The 2015 deal -- called the Joint Comprehensive Plan of Action -- was agreed upon by the United States, which recently pulled out of the deal, China, Russia, Germany, France, Britain and the European Union. It lifts Iranian sanctions in exchange for Tehran curbing its nuclear program.
"We have sent a message to our Iranian friends that as long as they are sticking to the agreement the Europeans will...fulfill their commitment," European Energy Commissioner Miguel Arias Canete said Saturday in a Radio Free Europe report.
The European Union was once the largest buyer of Iranian oil.
COMMENT:-
EU energy official assures commitment to Iran nuclear deal
May 19 (UPI) -- The European Union's energy commissioner said Saturday the EU will stay committed the Iran nuclear deal as long as it complies.
The 2015 deal -- called the Joint Comprehensive Plan of Action -- was agreed upon by the United States, which recently pulled out of the deal, China, Russia, Germany, France, Britain and the European Union. It lifts Iranian sanctions in exchange for Tehran curbing its nuclear program.
"We have sent a message to our Iranian friends that as long as they are sticking to the agreement the Europeans will...fulfill their commitment," European Energy Commissioner Miguel Arias Canete said Saturday in a Radio Free Europe report.
The European Union was once the largest buyer of Iranian oil.
COMMENT:-
Given that the EU is actually a bigger market than the US, the Iranians have quite an incentive to stick with "The Deal" REGARDLESS of what Mr. Trump does. Not only that, but if the EU decides to ignore American sanctions - or even worse has them ruled illegal - then the US government is going to be in a really dicey position as far as international relations (to say nothing whatsoever about "trade" and/or "compensatory seizures/freezes") are concerned.
Remember, all US government expenditures are paid for in the form of "negotiable debt instruments" and those "negotiable debt instruments" rely on the fact that there is a "financial institution" which not only holds funds sufficient to redeem those "negotiable debt instruments" but can actually release those funds in order to redeem them.
The United States of America is not the only country in the world that has the legal ability to "lock up" funds/assets that belong to another country's nationals/government for decades. Think of it as sort of being like refusing to pay for the carpeting you contracted to have installed in your golf resort's hotel because it "felt funny" - even though it was exactly the same carpet that you had personally selected and approved.
Remember, all US government expenditures are paid for in the form of "negotiable debt instruments" and those "negotiable debt instruments" rely on the fact that there is a "financial institution" which not only holds funds sufficient to redeem those "negotiable debt instruments" but can actually release those funds in order to redeem them.
The United States of America is not the only country in the world that has the legal ability to "lock up" funds/assets that belong to another country's nationals/government for decades. Think of it as sort of being like refusing to pay for the carpeting you contracted to have installed in your golf resort's hotel because it "felt funny" - even though it was exactly the same carpet that you had personally selected and approved.
