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A Promising Iran Agreement

By Bloomberg, Bloomberg - April 3, 2015

Whether by choice or circumstance, the agreement to come to an agreement to limit Iran's nuclear program followed one of the oldest rules in the diplomatic playbook: Set expectations low, then exceed them. Even a few hours before representatives from the U.S., the European Union and Iran took to the podium Thursday in Switzerland, the betting was that only a vague plan to keep talking was in the offing.

Instead, what emerged was a wide-ranging set of parameters for limiting Iran's nuclear program with quantifiable targets and guidelines for verification and sanctions relief.

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