New World Odour

Europeans Rush to Profit from Iran Deal

European politicians and business leaders, resembling the running of the bulls in Spain, are falling over themselves in a rush to secure the “first-mover” advantage in Iran’s $400 billion economy.

Under the nuclear deal reached in Vienna on July 14, international sanctions will be removed on Iran’s banking, energy and trade sectors if Tehran agrees to certain curbs on its nuclear program.

The lifting of sanctions on Iran, a market of 80 million consumers (the second-largest market in the Middle East after Turkey in terms of GDP) creates the potential for staggering business opportunities.

This is no surprise.  The nuclear deal has opened the floodgates to much pent up demand, economic, political and uh… social.

Obama is turning his back on the Middle East and Europe is simply taking advantage of the region’s new order.

Lip service will be payed to past assurances of Israel’s security but I suspect the future will hold demand after demand for concession after concession as Israel becomes increasingly isolated.


  • Exile1981

    The europeans will gladly cut off doing business with israel in exchange for a piece of the iran pie.

    • Yup, this deal has effectively given tacit approval to a whole range of actions.

    • Norman_In_New_York

      Not so fast. Israel’s technology developments are far in advance of those by Iran, and if Europeans choose to commit suicide by spiting their own best interests, there will be other markets to pick up the slack.

  • David Murrell

    Cat that has to be one of the greatest pics posted in a long time. The person on the left bears a very faint resemblance to our great leader Kathleen Wynne. The pic could give some ideas along that line of thought.

    • Exile1981

      It’s not wynne? I didn’t look closely and assumed it was.

    • Yes, and she’s sniffing Obama’s sweaty underarm.

      • David Murrell

        I stand corrected!

      • pike bishop

        Obama doesn’t sweat, he perspires.

  • Exile1981

    It will also push down oil prices more as the iranians have tons of oil sitting in tanks waiting to ship.

    • Yup OPEC is toast and one prediction is Saudi will face financial crisis by decade’s end. They gambled and lost, Fracking hasn’t suffered financially as they had hoped.

      • jayme

        So no more funding of Wahhabism in western schools? Maybe they’ll start learning Shia Islam instead.

        • Yes, that would seem to be a likely consequence. But the Arabs have been diversifying for years, so they’ll be around for a while yet.

  • k1992

    Ah, the putrid aroma of Eau d’Islame – may the greedy expletives choke on it.

  • Yes, the Europeans would sell their own mother for more dough.

    That said, as the House majority leader pointed out, if Congress manages to block the Iran deal and maintain US sanctions, the Europeans will have to back pedal and return to the Iran boycott, for otherwise they will lose US business which is far more profitable.

    Let’s hope Congress beats this renegade “president”, Obama the Evil One.

  • ntt1

    how the hell do these people tell acquaintances at parties what they really do?
    I keep this taped to my fridge as it helps keep perspective even when dealing with the most rabid .L.A accountants. there is always somebody with a crappier job…some where.

  • pike bishop

    I suppose they will wait until a bunch of North Americans have too pull their bacon out of the fire again like the last two times. Oh… when it’s all over they will call us rubes from the sticks. Past is prologue.