The Wall Street Journal (Europe) publishes an article today outlining the ways that European businesses (and compliant regulators and governments) are enabling Iran to build the bomb.  . While diplomats here might offer reassurances, the reality is quite different. The sanctions regime is failing; but it is worse than that-businesses are actively assisting the mad mullahs of Tehran. The EU is within missile range of Iran-what are these people thinking?The Austrian oil giant OMV is itching to implement a €22 billion agreement signed in April 2007 to produce liquefied natural gas from Iran's South Pars gas field; at last May's annual shareholder meeting, Chief Executive Officer Wolfgang Ruttenstorfer said OMV was only waiting for "political change in the U.S.A." Raiffeisen Zentralbank, Austria's third-largest bank, is active in Iran and, according to a story by the Journal's Glenn Simpson last February, has absorbed the transactions of key European banks that shut...(Read Full Post)