America’s European “Allies” Desert Obama, Join China-Led Infrastructure Bank!
- The fractures in relationship between USA and Europe is becoming public. The deep divisions in NATO between USA and Germany/France are about to come out in the open. It is almost game over for America and the US dollar!
– - The BRICS alliance total assault on the western Illuminati’s global hegemony is working. The AIIB is a replacement to the (Anglo-American centric/controlled) IMF and World Bank. Both Russia and China are ready with their SWIFT alternatives. China is asserting control in the precious metals market on 20 March 2015.
– - America’s European “Allies” Desert Obama, Join China-led Infrastructure Bank!
by Tyler Durden, www.zerohedge.com
It appears the sea of de-dollarization has reached the shores of Europe. With Australia and UK having already moved in the direction of joining the China-led AIIB, The FT reports that France, Germany, and Italy have now all agreed to join the development bank as ‘pivot to Asia’ appears to be Plan B for Europe. As Greg Sheridan previously noted, “the saga of the China Bank is almost a textbook case of the failure of Obama’s foreign policy,” but as The FT concludes, the European decisions represent a significant setback for the Obama administration, which has argued that western countries could have more influence over the workings of the new bank if they stayed together on the outside. As Forbes notes, this leaves Obama with 3 uncomfortable options…
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As The FT reports,
France, Germany and Italy have all agreed to follow Britain’s lead and join a China-led international development bank, according to European officials, delivering a blow to US efforts to keep leading western countries out of the new institution.
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The decision by the three European governments comes after Britain announced last week that it would join the $50bn Asian Infrastructure Investment Bank, a potential rival to the Washington-based World Bank.
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The European decisions represent a significant setback for the Obama administration, which has argued that western countries could have more influence over the workings of the new bank if they stayed together on the outside and pushed for higher lending standards.
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