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20 October 2004 -- Great Britain, France, and Germany will reportedly offer Iran a last chance to avoid the threat of United Nations sanctions over its nuclear program.

Reports say the trio will offer economic incentives, nuclear fuel, and possibly help in building a light-water nuclear reactor in a bid to encourage Iran to give up enriching uranium.

Iran said today it would make a compromise proposal in a meeting in Vienna today with diplomats from Britain, France, and Germany.

But in Tehran, President Mohammad Khatami reiterated that Iran has no intention of ceasing enrichment activities that the United States believes could lead to the development of nuclear weapons.

"I still do not know what the European proposal is. But we have always stated that we are ready for negotiations and talks. We are also ready to reach understanding. We expect recognition of our unquestionable right, and not being deprived of having [access to] peaceful nuclear technology under the IAEA's full supervision," Khatami said.

If Tehran does not accept its offer, the European trio reportedly could back the United States and push to have the International Atomic Energy Agency (IAEA) report Iran to the UN Security Council.

The IAEA board of governors next meets on 25 November.

(Reuters/AP/AFP)
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