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Asharq Al-Awsat
Asharq Al-Awsat
World
London - Asharq Al-Awsat

Iran Deputy FM: Europe Incapable of Creating Financial Mechanism

Iranian deputy Foreign Minister Abbas Aragchi. (Reuters)

Europe is “incapable” of creating the promised financial mechanism for financial and trade exchange, and countries refuse to host the financial institution, according to Iran's deputy Foreign Minister Adnan Aragchi.

“If Europe thinks that the West Asia Region is safe without the JCPOA, it can wait and see,” he told the “The Regional Developments and the International System” conference in Tehran.

“Nobody in Iran is going to give in to the sanctions. We will find our way, as we have done in the past,” he asserted.

Aragchi indicated that the result is that the Europeans either would not want or could not do anything regarding the sanctions, but as long as staying in the Joint Comprehensive Plan of Action (JCPOA), Iran will remain in it and if it does not, “staying in it will be futile.”

"If we have stayed so far, it is because it has benefited us both politically and economically,” he asserted, indicating that the at the moment, the situation is in favor of Iran but this certainly cannot continue forever and the Europeans must know that this situation cannot continue like this anymore.

These were Aragchi’s first statement days after he held talks in Europe on activating the mechanism to confront US sanctions.

“Our region is struggling with a set of problems. Can Europe tolerate a new wave of terrorism and migration and the reemergence of the nuclear crisis?” he warned.

He cautioned Europe that it will lose more than the US if the JCPOA fails.

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