Can be accomplished [ inaudible ]. Why dont you go ahead and take it. So let me first say, i think you touch upon an important observation about too big to fail which so much relies on the discretionary decisions of government and government decision makers, whether it is the d. O. J. Or the s. E. C. There is nothing about too big to fail economists. It is by political decisions and of course when eric holder goes before congress and said that somebody is too big to jail, that reinforces that perception. And on the data point, so again i would start with data can be suggestive as best and during the crisis we saw suggestive data that the funding advantage for the largest institutions had expanded and yes that has contracted but in my opinion you would expect that to contract post crisis. I think you could compare the funding cost today versus precrisis over time. People forget before the crisis, say in 2006, the largest banks paid more to borrow than the smallest banks. It was complete
Bilateral relations. On the 14th of december last, we heard the president of the United States, barack obama announced the policies against cuba had been wrong, causing damages and causing isolation to the u. S. Today, we have open than them the and all the countries recognize as a sovereign country, though this is a small and neighboring island. The reestablishment of diplomatic relations is apprehended in my country as a ignoble toward a process of civilized relations despite the differences and if the blockade is lifted if we are able to implement this type of relationship between the u. S. And cuba different from what has existed all along and history, in fact feel the recognition of the need to lift the blockade against cuba, the fact that during the talks we have had, we have perceived respect for cuba us independence to feel the determination of our people and that we can now talk as the secretary and i have now talked with absolute sovereignty despite differences show that the
Displaying good faith, honoring commitments, and adopting the right approach, then diplomacy can prevail over violence, suffering, and oppression. This will provide a Solid Foundation for further and more effective diplomatic interactions. Before i conclude, let me thank those ambassadors who supported the jcpoa and also those countries who helped this deal happen. Let me respond to some baseless accusations by some members, some previous speakers. It is ironic that the distinguished ambassador of United States accused of my country of harboring a hostage. Reckless acts of the United States in our region for so many years are at the root of so many challenges we are now facing in our neighborhood. Iran is a stable country in an unstable region. We want our stability to persist. We do promote a stability in the region and we help our neighbors to stabilize and cooperate towards that. In conclusion, let me also inform you that my delegation upon instruction from a government is forwardin
Solution to the Iranian Nuclear issue. One that will provide the necessary assurances on the exclusively peaceful nature of Irans Nuclear program on the one hand, and the list lifting of sanctions on the other. As such, it represents a significant achievement and a tribute to the merits of patient diplomacy from all sides. It is appropriate that this deal was struck in vienna, where all this began 12 years ago when the International Atomic Energy Agency started to look into possible iranian undeclared nuclear activities. Since then, there have been many months and years of at times difficult negotiations. A key milestone in that process was the interim geneva agreement in 2013, the smooth implementation of which provided necessary time and space for the conflict negotiation process which followed. This resulted in the parameters being set for the final deal. The format was especially effective. We feel that the European Union in particular was able to play a crucial or facilitation rol
The jcpoa participants are also facing similar challenges in their security from this phenomenon. We are now free to focus on real issues and benefit from the better environment conducive to wider Cooperation Among all actors. Third, in the wake of this Major Development in the region will we will renew our call to our neighbors in the wider region that iran is ready to engage in a new phase with all of them based on mutual respect, good neighborliness, and brotherhood. We have many common challenges in our region to address, and many common opportunities to benefit from in the region. This is the time to start working together against our most common and important challenges, which includes above all, violent extremism. First, [indiscernible] in so doing, it proves once more that it does not see peace in our energy in its interest and considers these an existential threat itself. [indiscernible] is also to spur this nefarious purpose. Thus we alert our friends and neighbors not to fal