berlin year disappointment european businesses hop victory hillary clinton u.s. election next week may help break logjam prevent large-scale western investments iran since open economy one europe predict flurry new deal clinton defeat republican rival donald trump nov. win democrat would remove political cloud hang last year nuclear deal iran world power business group say could help fuel aggressive push iranian market 2017 especially second half year clinton victory follow re-election moderate iranian president hassan rouhani next may clinton rouhani win political window opportunity much big say matthieu etourneau advise french firm iranian market medef international french employers group european bank company wait say back january unite state europe lift sanction relate iran nuclear program excitement europe business community palpable population 78 million annual output high thailand iran big economy rejoin global trade financial system since 1991 break-up soviet union european politicians flock tehran dozens corporate executives tow rouhani pragmatist elect 2013 platform reduce iran isolation travel paris rome promote country eager investors within months euphoria vanish replace frustration side big obstacle european firm seek business iran reluctance continent large bank finance deal fear could run afoul u.s. sanction incur massive penalties line unite state take step reassure bank last month treasury department office foreign assets control ofac issue new guidance allay concern u.s. dollar transactions iran secretary state john kerry acknowledge think-tank event london week bank remain skittish german officials raise concern hurdle recent visit u.s. sanction coordinator daniel fry caution likely persist regardless sit white house beyond issue sanction poor state iranian bank decade outside international financial system strong state role economy lack clarity legal system deterrents foreigners everyone know long step-by-step process build economic tie say friedolin strack head international market federation german industries bdi still clinton victory would reassure signal europe close adviser jake sullivan key figure secret negotiations oman pave way landmark agreement curb iran dispute nuclear activity defend election campaign trump contrast call one bad deal ever make promise renegotiate elect bankers say risk deal unravel trump presidency contribute reticence europe recently however sign movement small german bank press clients support iran begin offer limit finance payment service medium-sized bank finance german mittelstand great deal interest iran business prepare groundwork intensively say siegfried utzig act head economic policy international affairs association german bank bvb see light end tunnel still quite far away june german government begin offer export credit guarantee via insurance group euler hermes firm want trade iran edna schoene head german government business euler hermes say 30 formal applications receive since total value 2.5 billion euros nine approve add roughly 70 non-binding letter interest lois issue volumes push double-digit billions euros schoene say potential iran enormous demand export credit guarantee high term formal applications expressions interest schoene say expect see first large-scale credit-financed deal 2017 european firm already benefit open iranian economy last week french carmaker psa group peup.pa market leader announce produce 105,000 cars iran peugeot license third quarter 15 percent total sales volume etourneau medef international also optimistic iran order 118 jet europe airbus air.pa recent joint venture deal carmaker renault rena.pa iranian investment fund idro prove boon small european suppliers medef international announce last month open office tehran first outside france support small medium size french firm seek enter iranian market expect 20-30 billion euros public contract attribute iranians end fiscal year march etourneau say tell company need 5-10 year strategy market open progressively frustrate europe hop clinton win spur elusive iran deal