Europe Is Working On Alternative To SWIFT For “Financial Independence” From The US

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German foreign minister Heiko Maas

 

In the aftermath of a report that Germany was working on a global payment system that is independent of the US and SWIFT, on Monday Germany and France said they’re working on financing solutions to sidestep U.S. sanctions against countries such as Iran, including a possible role for central banks, Bloomberg reported.

“With Germany, we are determined to work on an independent European or Franco-German financing tool which would allow us to avoid being the collateral victims of U.S. extra-territorial sanctions,” French Finance Minister Bruno Le Maire said Monday during a meeting with press association AJEF. “I want Europe to be a sovereign continent not a vassal, and that means having totally independent financing instruments that do not today exist.”

The discussions, which also involve the U.K., are a signal that European powers are trying to get serious about demonstrating a greater level of independence from the U.S. as President Donald Trump pursues his “America First” agenda. Continue reading

Europe Plotting to Undermine New U.S. Sanctions on Iran

Iran's Foreign Minister Mohammad Javad Zarif, France's Foreign Minister Jean-Yves Le Drian, and Germany Foreign Minister Heiko Maas

Iran’s Foreign Minister Mohammad Javad Zarif, France’s Foreign Minister Jean-Yves Le Drian, and Germany Foreign Minister Heiko Maas / Getty Images

 

Lawmakers working to ensure harsh repercussions for skirting new U.S. sanctions

European countries are currently examining a range of options to counter the reimposition of harsh U.S. sanctions on Iran in a bid to continue doing business with the Islamic Republic, a move that is being met with chilly reception on Capitol Hill, where lawmakers are already putting in place measures to ensure that any European nation caught skirting U.S. sanctions faces harsh repercussions, according to a new policy paper being examined by lawmakers and viewed by the Washington Free Beacon. Continue reading

In Face of a Global Trade War

BERLIN/WASHINGTON (Own report) – The EU announced its first defensive measures against US plans to penalize European companies’ business engagements with Iran, by reactivating the 1996 “Blocking Statute.” That law prohibits companies from terminating their business engagements with Iran, to avoid severe penalties in the United States. Some companies from Germany and other EU countries have already announced that they will cancel their contracts with Tehran to avoid endangering their business ventures in the US. German companies, involved in profitable ventures with Russia, could be facing a similar situation. Washington threatens to demand that businesses from Germany and the EU comply also with the April 6 sanctions announced by US President Donald Trump, against some Russian oligarchs and their companies. According to government advisors, German Russia-oriented businesses are “virtually panicking” because of the escalation of a global trade war.

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EU Launches Rebellion Against Trump’s Iran Sanctions, Bans European Companies From Complying

Following our discussion of Europe’s angry response to Trump’s unilateral Iran sanctions, in which European Union budget commissioner, Guenther Oettinger made it clear that Europe will not be viewed as a vassal state of the US, stating that “Trump despises weaklings. If we back down step by step, if we acquiesce, if we become a kind of junior partner of the US then we are lost”, moments ago Reuters reported that the European Commission is set to launch tomorrow the process of activating a law that bans European companies from complying with U.S. sanctions against Iran and does not recognise any court rulings that enforce American penalties.

“As the European Commission we have the duty to protect European companies. We now need to act and this is why we are launching the process of to activate the ‘blocking statute’ from 1996. We will do that tomorrow morning at 1030,” European Commission President Jean-Claude Juncker said.

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From a German Euro to a German ECB (II)

As mentioned several times in the past, Germany is running the European Union and Europe once again. This time around the conquest is via subjugation of national sovereignty and economic warfare. They have their key politicians in key positions across the European board. The European Commission, European Central Bank and International Monetary fund (the Troika) are all but one example. Regardless of how everything on the EU landscape currently looks, further federalization/integration is the only solution they keep proposing to their problems, and this is ultimately leading to a United States of Europe with its own European Army, which is already beginning to supplant NATO. The Fourth Reich has landed and if you’re looking for Nazis, you’re 70 years too late.

 

BERLIN/BRUSSELS (Own report) – The EU finance ministers’ decision to appoint the Spaniard Luis de Guindos to be vice president of the European Central Bank (ECB), will boost the chances of German Bundesbank President Jens Weidmann to become its next president. Berlin has welcomed the decision for Spain’s current Minister of the Economy Guindos, considered to be one of the fathers of the Spanish real estate bubble. Subsequent to his designation as vice-president, a northern European is expected to be given the post of ECB president, due to the EU’s proportional regional representation. According to observers, a conceivable deal may be reached with Germany’s Weidmann at the helm of the ECB and the post of EU Commission President going to France. The current German Bundesbank president is unpopular in Southern Europe because he has been systematically trying to prevent current ECB President Mario Draghi’s bond buying programs, considered to be vital for the crisis stricken countries. With Weidmann as ECB president, Germany would further tighten its grip on the euro zone’s financial institutions.

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Billions for European Wars (II)

BERLIN/BRUSSELS (Own report) – With billions in arms programs at the EU and national levels, the EU is seeking to become a globally operating military power. At its summit last week, the EU agreed not only to enhance cooperation among the member armed forces to facilitate their combat deployment – for example in Africa – but to also rapidly establish a “defense fund” planning to reallocate funds from civilian to military use. In a few years, Brussels will already be allocating €1.5 billion annually for both research and development of new military technology. The German government is also increasing its military spending and decided last week to allocate nearly ten billion euros for arms projects, including warships, tanker aircraft, satellites, and optimizing existing weaponry for current wars. In addition, billions are being earmarked for completely new projects. Lucrative for the arms industry, they include the Multi-role Combat Ship MKS 180, and a new fighter jet, capable of competing with the US F-35 and being integrated with guided missiles, drones and other weaponry.

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European Union Agrees To Invest Billions In Egyptian Economy

Following up on the request Egyptian President Mohammed Morsi made in mid-September, on Wednesday the European Union approved a $6.4 billion (5 billion euro) aid package for Egypt.

Morsi said in a statement that the deal is “a strong sign of the EU’s support for Egypt’s path to development.”

Two billion euros will come from the European Investment bank, and another two billion from the European Bank for Reconstruction and Development, the BBC said. The rest will be provided by EU member states. Continue reading