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Zero Hedge — Europe Launches SWIFT Alternative To Send Money To Iran

Summary:
Will the US sanction its European NATO allies? Don't put anything past the US. Secretary of State Mike Pompeo previously warned of “swift punishment” for countries doing business with Iran, thus INSTEX is seen as a first small step toward greater European economic independence, and toward calming Iranian criticisms centered on seeing "dollar domination" as fueling European weakness to follow through on JCPOA stipulations.... Zero HedgeEurope Launches SWIFT Alternative To Send Money To Iran Tyler Durden

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Will the US sanction its European NATO allies? Don't put anything past the US.
Secretary of State Mike Pompeo previously warned of “swift punishment” for countries doing business with Iran, thus INSTEX is seen as a first small step toward greater European economic independence, and toward calming Iranian criticisms centered on seeing "dollar domination" as fueling European weakness to follow through on JCPOA stipulations....
Zero Hedge
Europe Launches SWIFT Alternative To Send Money To Iran
Tyler Durden
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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