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German FM Maas: Europe needs payment channels that are independent of US

German Foreign Minister Heiko Maas urged that an Europe has to set up payment channels that are independent of the US. That is crucial to save the Iran nuclear deal as US sanctions take effect.

He 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.”

Regarding the Iran nuclear deal, Maas said “every day the deal is alive is better than the highly explosive crisis that would otherwise threaten the Middle East”.

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