Defend Republic Press — Eu To Practise Especial Payment Channels Amongst Iran Despite Us Sanctions – Mogherini

European Union Foreign Affairs Chief Federica Mogherini Says the European Union Signatories Remain Committed to the Nuclear Deal With Islamic Republic of Iran That the U.S. Has Quit. The Group Is Working to Create Special Payment Channels to Do Business With Iran. Mogherini Read From a Statement Following a Ministerial Meeting of the Remaining Signatories of the Joint Comprehensive Plan of Action (JCPOA) Deal at the Sidelines of the United Nations General Assembly. The Statement past times the Five Nations –Russia, the UK, Germany, Red People's Republic of China in addition to France– Confirms That Islamic Republic of Iran Has Been Complying With Its End of the Agreement. With That inwards Mind, the European Union Is Working to Create the Means to Continue Doing Business With Islamic Republic of Iran Legally, at a Time When the U.S. Is Looking to Stifle Tehran’s Oil Exports With Sanctions, Aiming Ultimately to Bring Them Down to Zero....

Defend Democracy Press
EU to practise particular payment channels amongst Islamic Republic of Iran despite U.S. sanctions – Mogherini

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In a stunning vote of "no confidence" inwards the U.S. monopoly over global payment infrastructure, ane calendar month agone Germany’s unusual government minister Heiko Maas called for the creation of a novel payments organisation independent of the U.S. that would permit Brussels to endure independent inwards its fiscal operations from Washington in addition to equally a agency of rescuing the nuclear bargain betwixt Islamic Republic of Iran in addition to the west.

Writing inwards the High German daily Handelsblatt, Maas said "Europe should non permit the U.S. to human activity over our heads in addition to at our expense. For that argue it’s essential that nosotros strengthen European autonomy past times establishing payment channels that are independent of the US, creating a European Monetary Fund in addition to edifice upward an independent Swift system," he wrote.

Maas said it was vital for Europe to stick amongst the Islamic Republic of Iran deal. "Every twenty-four hours the understanding continues to be is ameliorate than the highly explosive crisis that otherwise threatens the Middle East," he said, amongst the unspoken message was fifty-fifty clearer: Europe no longer wants to endure a vassal put down to US monopoly over global payments, in addition to volition right away aggressively pursue its ain "SWIFT" network that is non subservient to Washington's every whim.

Many discounted the proposal equally beingness far also aggressive: afterwards all, a straight assail on SWIFT, in addition to Washington, would endure seen past times the residuum of the the world equally clear mutiny against a US-dominated global regime, in addition to could potentially spark a crisis of confidence inwards the reserve condition of the dollar, resulting inwards unpredictable, in addition to dire, consequences.

However, despite the diplomatic consequences, Europe was intent on creating to a greater extent than or less loophole to the U.S. powerfulness to weaponize the global currency of concern human relationship at will, something observed most latterly equally role of Trump's latest sanctions on Iran, in addition to equally a result, belatedly on Monday, the European Union said that it would institute a particular payment channel to permit European in addition to other companies to legally proceed fiscal transactions amongst Islamic Republic of Iran spell avoiding exposure to U.S. sanctions.

The move, equally the WSJ notes, "is a straight rebuke of President Trump’s policy on Islamic Republic of Iran in addition to his conclusion to remove from the nuclear bargain inwards May," in addition to sets the phase for a confrontation betwixt the U.S. in addition to Europe over the handling of Iran, the payment for Islamic Republic of Iran oil, in addition to potentially, jeopardizing the reserve currency condition of the dollar itself....

The operative discussion inwards the inwards a higher house is "monopoly." Even U.S. allies are realizing that the objective of the U.S. elite is to run a global socio-economic monopoly politically through political means, an expression of which is armed services might.

Dominance is the existent pregnant of U.S. global hegemony. This requires the submission of everyone else.

The other operative discussion is "euro."

Such transactions, presumably inwards euros in addition to pounds sterling, would non endure transparent to American authorities.

The European elite wishing to come across the euro gain inwards prominence against the "almighty dollar." The EZ is already engaged inwards operations to merchandise amongst Russian Federation inwards euro, in addition to Russian Federation has issued eurobonds.

And, inwards a potentially massive development, the organisation would endure probable endure opened upward to Russian Federation in addition to Red People's Republic of China equally good equally it would enable the world's economies to merchandise amongst each other, fully independent of SWIFT.

Europe would therefore furnish an infrastructure for legal, secure sanctions-busting — in addition to a guarantee that the transactions would non endure reported to American regulators....

There's a lot going on these days.

In whatsoever case, creating "a defensible banking architecture" may good endure the terminate finish for the Europeans, Red People's Republic of China in addition to Russia, anyway because, equally noted above, Islamic Republic of Iran is simply a convenient pretext: afterwards all, the nuclear understanding is ane of the few things that unite the EU, Red People's Republic of China in addition to Russian Federation against the U.S.

But, equally Bershidsky notes, "working to undermine the dollar’s global authorisation isn’t ultimately most Islamic Republic of Iran at all. In his recent State of the European Union speech, European Commission President Jean-Claude Juncker called for strengthening the euro’s international role in addition to moving away from traditional dollar invoicing inwards unusual trade."

China in addition to Russian Federation convey long sought the same thing, but it’s exclusively amongst Europe, habitation of the world’s bit biggest reserve currency, that they stand upward a risk of challenging American dominance....

Zero Hedge

Europe Unveils "Special Purpose Vehicle" To Bypass SWIFT, Jeopardizing Dollar's Reserve Status

Tyler Durden

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Speaking at a conference, Bolton also said the U.S. would endure aggressive in addition to unwavering inwards enforcing economical sanctions on Islamic Republic of Iran that are resuming afterwards Washington withdrew from the 2015 Islamic Republic of Iran nuclear deal. He said the U.S. would non permit the European Union or anyone else to undermine them.

The national safety advisor is right away issuing ultimatums to allies? Who is the president right away anyway?

Reuters
Bolton says U.S. volition endure aggressive, unwavering on Islamic Republic of Iran sanctions

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RT
Bolton warns of ‘hell to pay’ if Islamic Republic of Iran crosses U.S. & allies equally Rouhani dares Trump to render to talks