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Title : Germany Proposes EU Payment System With Iran To Avoid U.S. Sanctions And To Save The Nuclear Deal
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Germany Proposes EU Payment System With Iran To Avoid U.S. Sanctions And To Save The Nuclear Deal

Vocal Europe

Reuters: Germany urges EU payment system without U.S. to save Iran deal

BERLIN (Reuters) - Europe needs to set up payment systems independent of the United States if it wants to save the nuclear deal between Iran and major powers that was abandoned by President Donald Trump, German Foreign Minister Heiko Maas said.

“That’s why it is indispensable that we strengthen European autonomy by creating payment channels that are independent of the United States, a European Monetary Fund and an independent SWIFT system,” Maas wrote in the Handelsblatt business daily.

“Every day the deal is alive is better than the highly explosive crisis that would otherwise threaten the Middle East,” he added in the article to be published on Wednesday.

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Update #1: In Europe, fears loom that the U.S. is seeking regime collapse in Iran (Axios)
Update #2: Swift turn: German FM says Europe needs bank transactions system independent from US (RT)

WNU Editor: This Bloomberg editorial is on the money.Tthat instead of holding out false hope, EU leaders should start working on a new agreement .... Europe Should Stop Trying to Save the Iran Deal (Bloomberg Editorial).

Update #3: This VICE report is probably right. Even though the Iranian government is blaming the U.S. for the country's economic problems, the people on the street have a different point of view .... We took a ride in Iran’s Uber to see how Trump’s new sanctions are really playing out (VICE News).

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