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As EU Companies Queue for Open Iran, Europe’s Banks Stand Aside
By Irene Madongo
printEuropean companies may be lining up at the gate to do business with Iran in the event of a sanctions rollback but don't expect the continent's banks to go rushing in anytime soon. That Europe's retail and services companies-from beverage vendors to advertising firms-see reason for hope in ongoing intergovernmental negotiations with Iran was apparent earlier this week at a London forum on "post-sanctions investment and trade" in the Islamic republic, according to attendees. Under a provisional deal first implemented in January, EU and U.S. companies have been able to conduct trade with Iran's crude oil, petrochemical byproducts, automotive and...
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