Europe’s reckless Iran deals will backfire
The lifting of international sanctions against Iran last month following the Vienna nuclear agreement has led to a bonanza of European investment deals with Tehran. Iran’s President, Hassan Rouhani, has boasted of a “new spring” in relations with the European Union, and was recently feted on his visits to Paris and Rome. In the past two weeks, deals have been struck between French and Italian companies with the Iranian regime worth at least $30 billion. Mr. Rouhani was treated like royalty when he rolled into the Elysee Palace, and his effusive welcome on French soil was swiftly followed by the announcement of major contracts with Airbus, Peugeot and Total, which make France the leading Western investor in a pariah nation that had been shunned in recent years by most of the international community. As French Prime Minister Manuel Valls put it, “France is available for Iran.”