Published: Mon, May 14, 2018
People | By Neil Grant

Iran's military budget proves nuclear deal was 'a big lie'

Iran's military budget proves nuclear deal was 'a big lie'

The accord stipulated a gradual lifting of anti-Iranian sanctions in exchange for Tehran curbing its nuclear programme and allowing inspections to ensure that the nature of the program is peaceful.

On Thursday, Mr. Le Drian slammed those conditions, saying Washington needed to negotiate with its European allies on any sanctions that might affect their companies.

Raddatz asked Bolton what parts of the agreement Iran was violating.

French Finance Minister Bruno Le Maire said Friday on Europe-1 radio that Europe should not accept that the USA is the "world's economic policeman".

"The second group are those companies that have exposure to USA interests and are vulnerable to sanctions, but they feel what the European Union are offering would be good enough for them to continue their Iran business".

US President Donald Trump's pullout from the 2015 nuclear deal has upset Washington's European allies, cast uncertainty over global oil supplies and raised the risk of conflict in the Middle East.

Pompeo, who is barely a fortnight into his new job, told Fox News Sunday that he had been tasked by the president "to work to strike a deal that achieves the outcomes that protect America".

French exports to Iran doubled to 1.5 billion euros ($1.79 billion) a year ago, driven by sales of aircraft and automobile parts, according to customs data. Around 120 German firms have operations with their own staff in Iran, including Siemens (SIEGn.DE), and some 10,000 German companies trade with Iran.

German Economy Minister Peter Altmaier said he would work with affected companies to try to "minimise the negative consequences" of the USA move, adding: "That means, it is concretely about damage limitation". "That means, it is concretely about damage limitation" and offering legal advice, he said. "It has lost its guarantor of joint values and has lost the global political influence that it was only able to exert because the USA stood by its side".

Germany and France said they would seek to shield European companies from USA sanctions, which would prohibit companies that do business in Iran from using the US financial system.

"Germany, France and Britain, the "EU3", say themselves that Iran poses a threat. But the fact is, they are going to want to make a new and lasting deal".

"There are disturbing and eerie similarities" in the misuse of intelligence then and now, said Paul Pillar, who was the top USA intelligence analyst for the Middle East from 2001 to 2005.

A strong proponent of this is European Commission chief Jean-Claude Juncker, who said that relations between the EU and the United States were in "crisis".

Those comments came shortly after she said in a speech that the United States under Trump is beginning to forfeit its leading role in the post-World War II world and that Europe must begin to go its own way.

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