Iran Crisis: Germany Urges EU Split from US to Create Nuclear Deal-Saving Payment System

• Iran Crisis: Germany Urges EU Split from US to Create Nuclear Deal-Saving Payment System
  by JOE BARNES, BRUSSELS CORRESPONDENT, https://www.express.co.uk/
  GERMAN foreign minister Heiko Maas believes Europe needs to establish a payment system independent of the United States in order to save the Continent’s firms from Donald Trump’s repercussions when doing business in Iran.
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  Mr Maas claimed European independence from the US would allow firms to make new investments in Iran after the US President reimposed sanctions on the Middle Eastern state, which discouraged allied states to halt business with Tehran.
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  Washington pulled out of the 2015 Iran nuclear deal, which saw the US, UK, France, China, Russia and Germany lift sanctions on Tehran in return for restrictions on their nuclear activities.
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  Mr Maas said: “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.”
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  “Every day the deal is alive is better than the highly explosive crisis that would otherwise threaten the Middle East,” he wrote in German newspaper Handelsblatt.
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