- Joined
- Mar 7, 2018
- Messages
- 68,960
- Reaction score
- 22,530
- Location
- Lower Mainland of BC
- Gender
- Male
- Political Leaning
- Centrist
By backing the deal with Iran, Europe is making sure it has access to China's OBOR Initiative. Not backing the deal now, would mean effectively missing out on the trillions of dollars that will circulate through Europe if they are on good terms with Iran.
Europe is looking at the future, we're looking at the yellow scare.
Not specifically directed at you, but one of the REALLY big problems with the "EU companies do about $20 billion with Iran and $600 billion with America." mantra is the underlying assumption that there isn't any place else in the world for the EU companies to do business with. The second is that if the EU companies take that business elsewhere then they are going to be replacing American sales to those places.
Since about 3.3% of the GDP of the United States of America is "defence spending", the economic consequences of dropping that down to China's (approximately) 1.9% of GDP would likely be disastrous.