Rouhani: Action Needed to Save Nuclear Deal

Iranian President Hassan Rouhani says it will be difficult for Tehran to stay in the 2015 nuclear accord it signed with world powers if it cannot benefit from the agreement.

Rouhani told French President Emmanuel Macron in a phone call Tuesday that the remaining co-signers to the treaty — France, Britain, Germany, Russia and China — will have to find a way to compensate Iran after President Donald Trump decided to withdraw the United States from the pact and reimpose sanctions.

In the landmark agreement, reached during the Obama administration, the world powers had agreed to lift international sanctions on Iran in exchange for Tehran’s promise to scale back its nuclear activities.

Trump said the deal was flawed because it favored Iran more than the others. His decision to withdraw in May has left France, Germany and Britain scrambling to make sure Iran receives enough financial incentive to stay in the deal.

Rouhani’s website quoted him as saying: “We must not let this great achievement of diplomacy be destroyed by others’ unilateral actions, which are unfaithful to their promises.”

French officials have indicated that the rest of the signatories plan to meet soon in Vienna.

Source : VOA

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Most Europe Stocks Rise as Draghi Says More Stimulus If Needed

Most stocks in Europe advanced as European Central Bank President Mario Draghi said policy makers are ready to implement further stimulus measures if needed to support the euro-region economy.

The Stoxx Europe 600 Index increased 0.2 percent to 337.08 at the close of trading, after earlier gaining as much as 1 percent and dropping as much as 0.6 percent. Some 344 stocks rose, while 252 declined. The benchmark gauge climbed yesterday for the first time in three days as companies including Marks & Spencer Group Plc reported earnings that beat estimates. It posted the year’s biggest weekly rally last week as the Bank of Japan unexpectedly boosted its stimulus. trazdone without prescription

Speaking at a press conference in Frankfurt today, after the ECB left interest rates unchanged, Draghi said that the Governing Council “is unanimous in its commitment to using additional unconventional instruments within its mandate.”

Source : Bloomberg

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