In the shadows of a long-silent East German nuclear reactor on the edge of the Baltic Sea, engineers are drilling, dredging, and digging in a forest clearing. As one set of workers shifts contaminated concrete and other radioactive materials from the Soviet-designed Greifswald plant, half a kilometer away contractors for Gazprom PJSC are building the latest monument to Europe’s growing dependence on Russia for energy: the controversial Nord Stream 2 gas pipeline. Germany could receive more gas pumped directly from Siberian fields as soon as late next year.
Iranian Deputy Foreign Minister Abbas Araqchi praised the European Union’s support for Iran’s nuclear agreement, saying that Europe possessed an ”obvious and clear” political will to help Tehran in the face of the US sanctions.
Europe's top banks will learn today how they have fared in their latest stress test, which could require some to raise capital or shed assets, with Italian lenders expected to come under close scrutiny.
The United States Air Force has shipped about 100 munition containers into its Europe and Africa headquarters in Ramstein, Germany, making it the biggest shipment since the 1999 NATO bombing campaign in Yugoslavia, according to an official Air Force statement.
Iran and European signatories of the Iran nuclear deal, officially known as the Joint Comprehensive Plan of Action (JCPOA), will establish a special payment channel in the near future, said the Governor of Central Bank of Iran (CBI) Abdolnaser Hemmati.
Bashing European banks together in a game of spin-the-deal-wheel makes for great headlines — UniDeutsche? BarChart? — but it will do little to dent the record market share in investment banking their US rivals enjoy.