Europe Gives Washington's Economic War On Iran A "Swift" Kick In The Keister

.......late on Monday, the European Union said that it would establish a special payment channel to allow European and other companies to legally continue financial transactions with Iran while avoiding exposure to U.S. sanctions.

The move, as the WSJ notes, "is a direct rebuke of President Trump’s policy on Iran and his decision to withdraw from the nuclear deal in May," and sets the stage for a confrontation between the U.S. and Europe over the treatment of Iran, the payment for Iran oil, and potentially, jeopardizing the reserve currency status of the dollar itself.

https://www.zerohedge.com/news/2018-09-25/europe-unveils-special-purpose-vehicle-bypass-swift-jeopardizing-dollars-reserve

 

 

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