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Borrell On JCPOA: "Space For Additional Compromises Exhausted"
The EU's chief diplomat Josep Borrell has written an editorial piece for the Financial Times claiming that Iran and the United State must "seize the opportunity" to take up a Joint Comprehensive Plan of Action (JCPOA) nuclear deal now as there is "no other comprehensive of effective alternative within reach."
- Borrell:"After 15 months of intense, constructive negotiations in Vienna and countless interactions with the JCPOA participants and the US, I have concluded that the space for additional significant compromises has been exhausted. I have now put on the table a text that addresses, in precise detail, the sanctions lifting as well as the nuclear steps needed to restore the JCPOA."
- Borrell: "This text represents the best possible deal that I, as facilitator of the negotiations, see as feasible."
- The United States has repeatedly stressed that a final deal is ready to go and awaiting compliance and ratification from Tehran.
- State Department Spox Ned Price said yesterday: "We are prepared to re-enter on a mutual basis the JCPOA. But of course, mutual means it’s a two-way street; the Iranians would need to do the same. We have not yet, at least to date, seen the Iranians indicate that they’re ready to do that."
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.