Saturday, September 29, 2012

Extra Sanctions for Iran


Looks like Netanyahu’s bomb illustration did the trick. The European Union and the United States decided to toughen up nuclear sanctions. They hope that this will punish Iran and hold back Israel form a military strike. A top Western official said:

“What we will do next is intensify sanctions. They will include the financial area, definitely.”

The European Union foreign ministers will meet in Luxemourg on October 15 to discuss the measures that will be taken. Experts from the E3+3 (The trio of European nations plus the United States, Russia, and China) will get together in London soon to figure out their “negotiating position for any further meetings with the Iranians.”

Unfortunately, just last week, Israel stated that they think Iran is on the verge of bankruptcy because of sanctions, so sanctions will not work in “dissuading the regime in power in Tehran from pursing its nuclear ambitions.”

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