If Congress fails to uphold Obama’s veto. What happens then?
The rest of the world will be shocked by the behavior of the U.S. lawmakers. Other members of the P5-plus-1 will view the vote as a clear indicator that the U.S. is an unreliable partner.
Secretary of State Kerry has openly recognized that Europeans’ patience on this Iraninan deal is wearing thin. He warns that a congressional rejection of the Iran deal will jeopardize NATO unity on Ukraine. Kerry frankly warns that a rejection might spell the end of the U.S. dollar as the world’s reserve currency. Sanctions will collapse!
Other countries are not going to abandon the multi-party deal, just because the USA happens to object. They will jump at the opportunity to invest in and trade with Iran, the world’s 18th-largest economy with a purchasing power of about $1.2 trillion.
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German industrial giants Siemens and Daimler are eager to reenter Iran. European auto firms and energy companies will reap a financial windfall.
Switzerland is already planning on selling pharmaceuticals and machinery and importing Iranian oil and gas.
Russia will build a robust military relationship and provide Iran the means to resist any threatened Israeli attack.
China and Japan will resume their former levels of oil purchases. India will resume massive shipments of the rice and saffron. Europe will import Persian carpets, Caspian caviar, and pistachios.