I’m guessing that Macron’s brilliance is behind this…
The company was registered in Paris on Tuesday with an initial 3,000 euros in capital and a supervisory board with members from France and Germany, and chaired by a Briton.
“INSTEX will support legitimate European trade with Iran, focusing initially on the sectors most essential to the Iranian population — such as pharmaceutical, medical devices and agri-food goods,” the foreign ministers of Britain, Germany and France — Jeremy Hunt, Heiko Maas and Jean-Yves Le Drian — said in a joint statement.
If this is created in Paris and France is a major player; than to think that Macron did not design this is ludicrous. I’m betting that Macron’s name is not on it so that he can keep his relationship with Trump and probably more important is to keep his name out of the news, considering his current popularity.
Interesting.