Article

2018-05-19 Europe

EU launches ‘blocking statute’ to stem effects of US sanctions of Iran

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Posted by trailing wife 2018-05-19 00:00|| || Front Page|| [4 views ] Top
File under: Govt of Iran

#1 Itching for a trade war, Euroweenies? Trump's game.

Posted by Raj 2018-05-19 00:38|| 2018-05-19 00:38|| Front Page Top

#2 The problem is that European banks have to use the US-dominated international banking system. If they handle money from companies doing business with Iran, then they can’t engage in a wide variety of international transactions. This gives the US immense clout. In February, the US Treasury Department accused, just accused, a major bank in the Baltic states of laundering money for North Korea. Within a week it was in liquidation because depositors fled for fear of having their assets frozen.

European companies are seeing the writing on the wall and moving to limit their exposure on Iran. For instance:

Posted by g(r)omgoru 2018-05-19 04:27|| 2018-05-19 04:27|| Front Page Top

#3 Just remember in the 2008 crash how many Euro banks and investments were 'bailed out' with American taxpayer money for the Fannie Mae loses which at the time by law were not guaranteed as with FDIC. They were suppose to lose their shirts. Instead, the American taxpayer got saddled with even more debt. F*em.

Posted by P2kontheroad 2018-05-19 07:21|| 2018-05-19 07:21|| Front Page Top

#4 P2K, yep.

They're looking for ways to protect their money laundering, Ponzi schemes and fraud.

Never trust a Euro near a nickle.

Posted by AlanC 2018-05-19 07:32|| 2018-05-19 07:32|| Front Page Top

#5 They're looking for ways to protect their money laundering, Ponzi schemes and fraud.

The peasants are poor and have little money. Other means must be found to sustain the ruling oligarchy.

Posted by Besoeker 2018-05-19 09:55|| 2018-05-19 09:55|| Front Page Top

#6 Why are the Europeans so fucking desperate to keep funding the largest terrorist funding nation in the world?

Posted by Herb McCoy 2018-05-19 09:57|| 2018-05-19 09:57|| Front Page Top

#7 A word or two for Herb....more MONEY !

Posted by Besoeker 2018-05-19 09:58|| 2018-05-19 09:58|| Front Page Top

#8 Iranian oil, Herb. And the purchases funded by oil profits.

Posted by trailing wife 2018-05-19 13:06|| 2018-05-19 13:06|| Front Page Top

#9 And blackmail for the bribes they accepted.

Posted by gorb 2018-05-19 15:42|| 2018-05-19 15:42|| Front Page Top

#10 Why are the Europeans so fucking desperate to keep funding the largest terrorist funding nation in the world?

A few billion dollars of potential annual profits from selling to Iran's 80m population. Prior to our getting entangled in all kinds of alliances post-WWII, we traded with everyone. It was only after Japan invaded China, and, in so doing, threatened the Philippine Islands (then a US possession), that we severely restricted trade with the Japanese. The Europeans want to sell to Iran because they are operating under the illusion that Iran is at heart peaceful, but if that turns out not to be the case, Uncle Sam will deal with the fallout (maybe literally).

I suspect Europe will not buck the US on this. Because in the worst case, we could simply leave NATO, and the EU would be on the hook for hundreds of billions of dollars worth of defense expenditures they'd need to fork up in order to replace the American defense umbrella.

Posted by Zhang Fei 2018-05-19 16:29|| 2018-05-19 16:29|| Front Page Top

#11 Sorry Zhang, I think the Euro-weenies would just assume that there are no real threats in the world so they don't need a defense, and, if worse comes to worst the US will bail them out yet again.

Posted by AlanC 2018-05-19 17:43|| 2018-05-19 17:43|| Front Page Top

#12 AlanC-I agree that's what they think, but unfortunately for them, there's no reason for us to bail them out anymore.

Posted by Spot 2018-05-19 18:54|| 2018-05-19 18:54|| Front Page Top

#13 The EU energy policy rests mainly on imported natural gas and petroleum. Wind farms will not cut it. So they are stuck between Russia and the ME, which is not a good place to be. Without energy independence, you will always have a knife in the neighborhood of your jugular.

Posted by Alaska Paul 2018-05-19 22:45|| 2018-05-19 22:45|| Front Page Top

23:33 Injun Bucket8891
23:31 Injun Bucket8891
22:53 Alaska Paul
22:45 Alaska Paul
21:09 gorb
20:54 gorb
20:35 Rob Crawford
19:56 swksvolFF
19:27 swksvolFF
18:54 Spot
18:52 trailing wife
18:46 Frank G
18:30 Frank G
18:01 CrazyFool
17:43 AlanC
17:03 P2kontheroad
16:29 Zhang Fei
16:24 Regular joe
15:52 gorb
15:49 gorb
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15:45 gorb
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15:24 P2kontheroad