Publications

The deal that re-opened America’s government and averted a national default should evoke little cheer, for the Washington spectacle of recent weeks has hurt America’s image and influence around the world.

The impacts to date are serious enough. They include a Chinese call to “de-Americanize” the world’s economy to lessen its dependence on the U.S. dollar and more threats from credit rating agencies of a U.S. debt downgrade that, were it to come, would rattle both the U.S. and global economies.

All this has left the Iranian regime battered, and eager for an easing of the economic pain. This is the motivation behind the charm offensive undertaken in recent weeks by Iran’s new, “moderate” president, Hassan Rouhani, as well as his calls for “constructive engagement” with the West.