Insisting on Iran's halt to all uranium enrichment is a flawed strategy that merely underpins further escalation of the standoff with the West. With military action unlikely to remove the threat of nuclear proliferation, the six governments negotiating with Iran should change course, offering to allow uranium enrichment in exchange for intrusive international verification inspections.
There is a wise American saying: “If you are in a hole, stop digging.” The six governments that are currently considering the next steps to prevent Iran from developing a nuclear bomb – the five permanent members of the UN Security Council and Germany – should heed that advice. Otherwise, they could end up without any handle on the Iranian nuclear program, and only one – useless – option left, a military strike.
Yet the six governments seem determined to continue with what has been their strategy so far. Their condition for negotiating with Iran is a prior halt of its nuclear enrichment activities. Only in exchange for Iran’s permanent renunciation of enrichment will they provide major rewards – from lifting all sanctions and trade restrictions to security guarantees.
This strategy has not worked and will not work. Under the nuclear Non-Proliferation Treaty (NPT) of which Iran is still a member, countries are entitled to engage in enriching uranium for civilian purposes, and Iran claims that this is all it wants. True, Iran’s total halt of its enrichment program would be welcome, not least because its government has hidden these activities for almost two decades from Treaty inspectors, suggesting other than purely civilian motives.
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Turkey's massive death toll from the earthquakes in February attests to a much larger problem. From an overly powerful construction lobby and endemic corruption to the steady erosion of democratic institutions, it is clear that the country now needs a thorough political and economic transformation.
think the country needs not just a new government but a broader economic and political transformation.
There are four reasons to worry that the latest banking crisis could be systemic. For many years, periodic bouts of quantitative easing have expanded bank balance sheets and stuffed them with more uninsured deposits, making the banks increasingly vulnerable to changes in monetary policy and financial conditions.
show how the US central bank's liquidity policies created the conditions for runs on uninsured deposits.
There is a wise American saying: “If you are in a hole, stop digging.” The six governments that are currently considering the next steps to prevent Iran from developing a nuclear bomb – the five permanent members of the UN Security Council and Germany – should heed that advice. Otherwise, they could end up without any handle on the Iranian nuclear program, and only one – useless – option left, a military strike.
Yet the six governments seem determined to continue with what has been their strategy so far. Their condition for negotiating with Iran is a prior halt of its nuclear enrichment activities. Only in exchange for Iran’s permanent renunciation of enrichment will they provide major rewards – from lifting all sanctions and trade restrictions to security guarantees.
This strategy has not worked and will not work. Under the nuclear Non-Proliferation Treaty (NPT) of which Iran is still a member, countries are entitled to engage in enriching uranium for civilian purposes, and Iran claims that this is all it wants. True, Iran’s total halt of its enrichment program would be welcome, not least because its government has hidden these activities for almost two decades from Treaty inspectors, suggesting other than purely civilian motives.
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