Germany Iran

Germany and EU partners scramble to save Iran deal…….




Germany and EU partners scramble to save Iran deal

Germany and EU partners scramble to save Iran deal
Between a rock and a hard place? German Chancellor Angela Merkel. Photo: Michael Kappeler/DPA/AFP.
Germany is leading the charge to rescue the Iran deal and the economic inroads German and European companies have made into the restricted economy since 2016.

EU leaders are keen to salvage the deal shaped by Obama’s administration after President Trump on May 12th pulled the US out of the Joint Comprehensive Plan of Action (JCPOA). The deal, in which Iran committed to denuclearize in exchange for the lifting of economic sanctions, was signed by Iran, the US and the international community in 2015.


German Chancellor Angela Merkel, French President Emmanuel Macron and a host of other EU leaders have held emergency meetings to try and save the JCPOA, arguing that companies should be able to make their own decisions about whether to trade with Iranian entities – many of which are linked to religious foundations and political institutions in the Islamic Republic of Iran.


More here.

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