Published: Fri, May 11, 2018
Global Media | By Jackie Banks

Germany, France, Britain to stay with Iran nuclear deal

Germany, France, Britain to stay with Iran nuclear deal

On Wednesday, Merkel had reaffirmed Germany's commitment to the Iran nuclear deal, saying the USA withdrawal "serious" and caused regret and concerns.

The stakes are high and European powers France, Germany and Britain face a period of outright confrontation with a historic ally, over both Iran and Trump's plan to impose tariffs on steel and aluminium imports from the EU.

French Economy Minister Bruno Le Maire said separately on France Culture radio that the decision was "an error" not just for worldwide security but from an economic point of view. However, it stressed that no part of the 2015 agreement is up for negotiation.

"Iran has always sought to reduce tensions in the region, trying to strengthen security and stability", Rouhani told Merkel in a telephone call, according to a statement on the website of Iran's presidency.

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"We will make the eurozone more crisis-proof", she said, adding that she expects agreements on a banking union.

The Chancellor noted that "on Europe's doorstep" there are many major global conflicts and expressed concern about the risk of war between Israel and Iran in Syria.

Le Maire pointed out that the withdrawal gives European firms doing business in Iran the "very short time of six months" to wind up investments - or risk USA sanctions. So Europe needs to take his own destiny into their own hands. "That's the task for the future". "But let's be honest: Europe is still in its infancy with regard to the common foreign policy". "We made the choice to build peace in the Middle East".

"In Germany there can not be a perpetual fetish for budget and trade surpluses, because they are always made at the expense of certain others", Macron said, adding that a north-south divide between wealthy and poorer nations that emerged during the financial crisis should not be allowed to resurface.

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