Europe: The sleeping giant

Author: | Published: 20 May 2016
Iran: still not alluring enough to tempt the biggest banks

It's one of the biggest news events of the past 12 months. Following the landmark nuclear deal finally reached last summer after years of negotiations, the market – or the financial press, at least – was very excited. Even now almost a year after the deal, and months after the majority of sanctions were lifted, it's hard to go a day without reading or hearing who is and isn't entering Iran, who's rushing the gates, and who's hanging back and playing it cool.

But all the cacophony may be much ado about nothing – at...