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Archiv: payment system
‚Europe should not allow the US to act over our heads‘: Germany is challenging the US‘s financial monopoly as the Iran row deepens
Germany‘s foreign minister has challenged the US monopoly on global payment infrastructure.
Writing in German daily Handelsblatt on Tuesday, Mass said: „It is indispensable that we strengthen European autonomy by creating payment channels that are independent of the United States.“
„It is high time to re-evaluate our partnership,“ he said.
European businesses have been caught between the EU and the United States over trade with Iran amid US sanctions.
French energy giant Total officially pulled out of the country on Monday under US pressure.
German foreign minister drops a BOMBSHELL: Rest of the world (including Germany) need non-US dependent non-SWIFT global payment system
Germany urges EU payment system without U.S. to save Iran deal
“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.