Italy, reversing its previous policy of putting commercial interests before strategic ones, has decided to endorse a series of additional EU sanctions against Iran–which include embargoing Bank Melli, Iran’s main commercial bank and a conveyor belt for terror financing. The motives for Italy’s government to have reversed its policy are less than noble, though. The outgoing left-of-center government, according to news reports, does not want to give the incoming new right-of-center executive the opportunity to portray Romano Prodi’s outgoing government as one that stood against “the whole European Union.”
Had Prodi’s policies–to say nothing of his foreign minister’s regular outbursts–not been so embarrassing, he would not have to worry about looking bad on his way out. Regardless, the portrayal of Italy’s outgoing government as “standing alone against the whole European Union” gives too much credit to Italy’s now-reversed stance on Iran. After all, the Italians are not alone in giving Iran a free pass–Spain, Greece, Austria, Cyprus, and some Scandinavian countries are likely to regret Italy’s change of heart. And with the EU still deadlocked on further measures to implement UN Security council Resolution 1803, the swing in favor of further sanctions is not as dramatic as it first appears.