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Bank Of America Investment Monday, 1st August 2005
AFP

line President said, however, that his government would push ahead in carrying out nuclear research and other activities. Earlier this week, Tehran announced that it was resuming sensitive nuclear research at Natanz, something it had previously undertaken not to do under a deal with the European trio of France, Germany, and the United Kingdom. Ali Larijani, Iran's top security official and chief nuclear negotiator, said on Tuesday that Tehran was not prepared to negotiate with the international community on its decision to resume suspended nuclear activities, and menacingly warned that "if we lose, others in the region will also lose".

Investment Opportunity PARIS - France voiced "concern" Monday at a declaration by Iran that it was ending a nine-month suspension on nuclear development activities agreed with the European Union and resuming uranium ore conversion.

"Those who say that we should not use atomic weapons are those who have themselves used such weapons", line president said. "We will not back down from our stance", he proclaimed, adding, "We will continue until we obtain nuclear technology". France, the " 3" have led negotiations with Iran over its nuclear program since 2003. The talks broke off earlier this year when Iran unilaterally breached its agreement by resuming suspended activities of the nuclear fuel cycle.

Banc Of America Investment "There is no economic or technical justification" for the resumption of the nuclear activities, foreign ministry spokeswoman Cecile Pozzo di Borgo told journalists.

It said that the international community was clear and united on the issue. Pearson's statement urged Iran to reverse its decision and return to the negotiating table with the UK, France and Germany, who it said were "backed fully by the European Union". "Iran must restore the confidence of the international community and provide the right guarantees that its nuclear programme is exclusively peaceful. Suspending all uranium conversion activity is an essential part of that process. Only with confidence restored can negotiations continue", the minister said.

Banking Investment She added that Paris was "surprised" by Tehran's announcement.

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Investment Solution Strategic France, Britain and Germany brokered the original deal under which Iran agreed to suspend its nuclear programme in exchange for trade benefits.

"Iran's nuclear fuel must be produced inside the country, " Iranian nuclear chief Gholamreza Aghazadeh told reporters in Tehran after meeting Igor Ivanov, Secretary of Russia's Security Council. Britain, France and Germany have drafted a proposal offering Iran the chance to transfer its uranium enrichment activities to Russia, an EU diplomat told Reuters on Friday. EU diplomats say Iran could soothe international fears its uranium is intended for use in warheads by handing over the enrichment process to Russia.

Investment Banking Services The United States fears the programme's aim is to develop nuclear weapons and not just nuclear energy as claimed by Tehran.

Bank Investment Iran had warned on Sunday that it would resume its conversion work if the EU failed by Monday to come up with a package of trade and security incentives.

Alternative Investment However, the Europeans told Tehran they would make the offer by August 7, after Wednesday's swearing-in of ultra-conservative Mahmood Ahmadinejad as Iran's new president.

Online Investment Services Pozzo di Borgo said European ministers had confirmed in a letter to Iranian authrorities last week that a number of propositions would be presented "before August 7".

Accompany Essential Investment "These propositions are generous and open the way to new relations between Iran and Europe," she said.

Investment Company "In particular, they recognise Iran's rights within the NPT (nuclear non-proliferation treaty) and the option to develop a safe, economically viable and non-proliferating nuclear programme."

Investment Management Solution She said that if Iran maintained the agreed-upon suspension, "we are ready to engage in discussions on this basis and we call on Iran to study it (the European offer) very seriously."

Investment Management Services In a radio interview earlier Monday, French Foreign Minister Philippe Douste-Blazy said Iran's pressuring tactics were unacceptable, and that Tehran must be prevented from making an atomic bomb.

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