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In Brazen Move, EU Set To Officially Launch Iran SPV Designed To Circumvent Trump’s Sanctions

Now let's see how Trump responds.

Now let's see how Trump responds.
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7 comments on “In Brazen Move, EU Set To Officially Launch Iran SPV Designed To Circumvent Trump’s Sanctions

  1. Every system and Empire has it’s achilles heel . In the case of the US it is the fact that unilateralism (the stepchild of arrogance ) tends to unite formidable forces to the inevitable opposition. The alignments take on an economic tone such as the new silk belt initiatives connecting Europe and Asia in lucrative commercial arrangements and exclude the US. The inevitable result is de- dollarization which is the “Trump” card and goal for the opposition. All this is taking place at a snails pace but is much more critical long term than the phony balancing act at the Fed.

  2. George your perspective on withdrawing from TPP?

    I see it as the chapter in Trumps history entitled:Leverage Lost. It could be just a chronologically based event that just happened sooner than other unilateral actions because leaving your seat the table empty there was easy and convenient early in the administrations flailing..However that lack of presence was major tactical error. By the time Uncle Donnie arrived in China the game was over, his inner child was tuned up and played like a fiddle.

    The China visit opera: “Look he is puffed up like a cheeto”, “No i think he is actually a cheeto”

    • I am not in disagreement on your view on TPP.. Disengagement is generally not a good policy as you create a vacuum that gets filled to your detriment. Trade deals turned sour for the US in some cases because profits became more important than National interests and corporations did what they always do in this case. Being the reserve currency where printing Dollars to meet unlimited demand, was the supreme advantage over economic rivals extended this Empires ability to prevail as long as it has but not forever….

  3. Exports from the European Union to Iran amount to 11 billion euros, or about $13 billion. It’s not so strategic.
    As regards foreign direct investments and relevant orders, we have the Italian engineering group Ansaldo Energia, the German car maker Volkswagen, and Daimler, then Airbus, Total, Renault has already a plant and plans to make a second one, last but not least Siemens.

    I’m not surprised that this SPV has been planned and developed mainly by Germany and France.

    Business is business, we all know, but a nation is made by all citizen, not only by corporations. And yes, there is a slowing cycle, employment to save, and a struggling European growth, I am aware. Yet I feel uncomfortable that Europe ignores all signs of an aggressive Iran testing missiles and able to widen their ranges, already able to hit South Europe.

    I save articles and not being a blog author or analyst I don’t care of taking note of sources but I have this in my “Iranian folder”
    “On the 8th December Iran launched a ballistic missile that can deliver nukes; near-complete silence of the press here in Europe. The test showed the confusion of European countries, who are alarmed by the mullahs’ behavior but fear losing the deal that enables it. Rather than punish Iran, the European Union instead actively seeks to circumvent American sanctions, even to attempting to establish a special-payment channel that ­allows for financial transactions with the mullahs. The Iranian test concerned a medium range ballistic missile that’s capable of carrying multiple warheads.” [I usually cut sentences and keep only what is relevant, so probably the original sentence is longer]

    The German newspaper Die Zeit not long ago wrote about the “enigmatic love relationship between Germany and Iran,” which “survives every war, every upheaval, every revolution,”.

    The Trans-Iranian railway project built between 1927 and 1938 connected Tehran with the Persian Gulf in the south and the Caspian Sea in the north. For the construction of this long railway line, German companies founded a consortium in which almost the entire German industry was represented: Julius Berger, Philipp Holzmann, Siemens and German banks.

    The Nazis in Iran were very active propagandists, in some cases also very successful. Until recently, a swastika hung over the entrance to Tehran’s main railway station, and a well-known district of the Iranian capital bears the name “Nazi-Abad” – in other words: urbanised by the Nazis.

    There is something visceral between Iran and Germany that is uncanny.

    There are lot of things I don’t like in Trump, but I agree on his hard face attitude towards Iran. Iran is far from being a good guy.

    I only hope Israel will sneak another Stuxnet code inside the Siemens’s plants and block them again.

    • I am not noticing a relationship between Germany and Iran that I can’t explain in a different light. I see the Germans reacting due to their need to diversify Energy resources and as a hedge against American Unilateralism (especially trade related). This is even more true currently because of unhinged foreign policy in the US of the last decade or so that threatens a WW3 scenario involving and starting on the European continent.
      The Iranians are confronted with the consequences of the Brenton Woods agreement (Dollar Hegemony) which advantages the Saudis over all others in the region. The unlimited cover and support for Israel a traditional rival and adversary is an existential threat especially due to Russian mixed performance in supplying them even defensive weapons. All the while Saudi weapons sales and the objections of Israel to Iran’s progress persist. The Examples of Libya, Iraq and currently Venezuela and the Military threats to Iran which are blatant ,frequent and credible (sadly enough) are viewed as justification for anything they have done to beef up their Military. So it would seem to me at least.!!!

  4. Iran is, and will continue to be, a nightmare to deal with, something that most Europeans would readily acknowledge. But the idea that reneging on commitments made to them might encourage better behavior is plainly absurd.

  5. Good comments, all.

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