Frustrated Europe hopes Clinton win can spur elusive Iran deals

U.S. Democratic presidential nominee Hillary Clinton attends a campaign rally accompanied by vice presidential nominee Senator Tim Kaine in PittsburghBy Noah Barkin BERLIN (Reuters) – After a year of disappointment, European businesses are hoping a victory for Hillary Clinton in the U.S. election next week may help break the logjam that has prevented large-scale Western investments in Iran since the opening of its economy. While no one in Europe is predicting a flurry of new deals should Clinton defeat her Republican rival Donald Trump on Nov. 8, a win for the Democrat would remove some of the political clouds hanging over last year’s nuclear deal between Iran and world powers. Business groups say this could help fuel a more aggressive push into the Iranian market in 2017, especially in the second half of the year, if a Clinton victory is followed by the re-election of moderate Iranian President Hassan Rouhani next May. “If Clinton and Rouhani win, then we will have a political window of opportunity that is much bigger than we have now,” said Matthieu Etourneau, who advises French firms on the Iranian market for MEDEF International, the French employers group.

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