Need to Be Prepared for SPV Failure

Given the European Union’s apparent incapability in setting up its proposed financial mechanism and its likely inefficiency, it is essential for Iran to be prepared and devise contingency plans for the prospect of the mechanism's eventual failure, a foreign policy analyst said.   
According to Mohammad Sadeq Kharrazi, a former Iranian ambassador to France, Europe has not been able to proceed with its plans to counter the United States’ sanctions against Iran and the future of its efforts is clouded in uncertainty.