Saddam was a bit more crafty.
Saddam is probably laughing his smelly arse off over this.
He knows that if he did not pay off the frogs, krauts, and russkies that iran would be NOTHING right now as the UN would have jointly cleaned his house and put the fear in all nations around him. But since the EU decided to side with him, in a sense, noone will ever take a UNSC threat seriously again and he believes that the USA and UK are too weak politically to do anything. The UK may actually be. But W is an unpredictable (to most) wildcard and Israel is the spanner in the works as it were.