Joaquin Flores — Trans-Atlantic Collapse: Berlin-Brussels May Practise ‘Swift’ Replacement

German Foreign Minister Heiko Maas said that the EU needs to practise an independent analogue of the American arrangement for transferring data on SWIFT payments inwards fellowship to protect its companies from States of America sanctions against Iran....

“In this province of affairs it is of strategic importance that nosotros clearly enjoin Washington: nosotros desire to cooperate. But nosotros volition non permit them to human activity over our heads, to our detriment. Therefore, it would live on correct to protect European companies from sanctions from a legal betoken of view, “said Maas inwards an article for Handelsblatt....

Getting the atomic reveal 26 kick off your throat.

Fort Russ

Trans-Atlantic Collapse: Berlin-Brussels May Create ‘Swift’ Replacement

Joaquin Flores

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In a stunning vote of "no confidence" inwards the States of America monopoly over global payment infrastructure, Germany’s unusual government minister Heiko Maas called for the creation of a novel payments arrangement independent of the States of America that would permit Brussels to live on independent inwards its fiscal operations from Washington as well as every bit a way of rescuing the nuclear bargain betwixt Islamic Republic of Iran as well as the west.

Writing inwards the High German daily Handelsblatt, Maas said "Europe should non permit the States of America to human activity over our heads as well as at our expense. For that argue it’s essential that nosotros strengthen European autonomy yesteryear establishing payment channels that are independent of the US, creating a European Monetary Fund as well as edifice upward an independent Swift system," he wrote, cited yesteryear the FT.…

Maas too called for the creation of a “balanced partnership” amongst the States of America inwards which the Europeans filled the gaps left where the States of America withdrew from the world. Europe must, he said, “form a counterweight when the States of America crosses ruddy lines”....

Zero Hedge
Germany Calls For Global Payment System Independent Of The US

Tyler Durden

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... it is worth recalling that the President’s largest donor [Adelson] i time suggested using nuclear weapons against Islamic Republic of Iran every bit a negotiating tactic....

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