JCPOA and INSTEX: The Alice in Wonderland story continues

Iran, EU discuss ways to strengthen INSTEX financial mechanism

by Jim W. Dean, VT editor, …with Press TV, Tehran

[ Editor’s Note: I wish I could count the times we have published on the JCPOA. What a roller coaster it has been for all of us. And I say that especially for Mr. Zarif, Iran’s energizer bunny foreign minister that never gives up.

The EU now joins the Alice in Wonderland fairy tale

Of course neither do the EU JCPOA cohorts with their on going mantra of “It’s coming, it’s coming, just one more tweak and its coming”.

But I don’t see how they are ever going to arrange the payment process or they would have already if they had a work around.

Who would have ever believed that we would see the EU held completely hostage by a US threat of blocking its entities from the banking system with sanction threats?

But we now have a new fly in the ointment, the threat of a recession that might be kicked off by the new virus scourge triggering a domino effect of business closures and bankruptcies, large numbers of bank collapses, laid off workers, and cascading defaults on car loans, credit cards, and mortgages.

It would make for an ugly primary and anyone’s guess as to who an unhappy public going through another economic crunch will be blamed for the misery that may be roaring down the train tracks toward the washed out bridge.

Add to that our finally getting to see Trump’s tax files disclosed to reveal what was has been behind the curtain all this time on his “empire”. It’s going to be quite a ride… Jim W. Dean ]

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Yours truly and E. Michael Jones

– First aired … February 27, 2020

Iran and the EU discuss ways to strengthen and expand the INSTEX financial mechanism introduced to circumvent US sanctions.

Following a Joint Commission meeting in Vienna, Iran’s deputy foreign minister says Iran appreciates that Europe is trying its best to save the nuclear deal but the lack of ability is obvious. Homa Lezgee reports.

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