Foreign Policy:
Just a few days after U.S. President Donald Trump’s withdrawal from the Iran nuclear deal, France’s economy minister, Bruno Le Maire, gave several interviews in which he stressed that European leaders would be asking themselves, “What can we do to give Europe more financial tools allowing it to be independent from the United States?” Le Maire specifically pointed to the U.S. Treasury’s fearsome Office of Foreign Assets Control (OFAC), which administers and enforces economic and trade sanctions and has levied billions of dollars’ worth of fines on companies such as BNP Paribas, Standard Chartered Bank, and the Chinese telecommunications company ZTE. He wondered aloud, “Why don’t we create the same type of agency in Europe, capable of following the activities of foreign companies and checking if they are respecting European decisions?”
The comment seemed flippant, an economy minister’s way of expressing frustration, and was not viewed as a policy that Europe was about to seriously consider. Yet, a few weeks later, European leaders are still scrambling to implement concrete measures to salvage the Iran nuclear deal, whether by sustaining oil purchases from Iran, instructing the European Investment Bank to make financing available for projects in Iran, or attempting to help multinationals and small and medium-sized enterprises maintain their Iran operations. But consultations with government officials, business leaders, and technical experts make it clear that pursuing individual measures in isolation will be insufficient to mitigate the chilling effect of secondary sanctions imposed by the United States on companies which had sought commercial links with Iran. Europe needs a holistic and institutionalized strategy to push back and achieve two crucial goals.
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Until Europe (Germany) decides to make Euro an instrument of its foreign policy none of these measures will be effective. OFAC is only a part or a tool of using the USD for foreign policy aims. You would have thought Euro-pimp surrender monkey frogs knew that.
For EU this is far beyond the Iran nuclear deal, this will prove if EU can maintain its financial and political sovereignty and independence or prove to a subservient to the American foreign policy.
Muller is making America great again
tRump is helping to make Russia great again
Reject occupation, If the bar code starts with 7 29 put it back on the shelf
Buy American, say NO to Chinese madeTrump
“The time is always right to do what is right” – Martin Luther King
Europeans should just tell Trump: O FAC Off!
What is the future of the European Union?
The European Union (EU) is facing turbulent times. It is plagued by deep divisions over how to shape its future. Over half a century of integration has created a profound interconnectedness between the political, economic, and social fates of member states. At the same time, however, the fortunes of member states have started to diverge dramatically. The Eurozone crisis for example unmasked deep structural imbalances across the Union.
The political fault lines are widening. Today, they crosscut the continent from North to South on economy and austerity, and from East to West on migration and human rights. These developments have also left a mark on public opinion. Bruised by the Eurozone and refugee crises, large parts of the public have come to doubt the competence and integrity of their political and financial masters in Brussels and at home. Eurosceptic sentiment is on the rise. It is no longer a phenomenon tied to small segments of society, extremist political parties or specific economic cycles.
https://blog.oup.com/2018/03/future-european-union-euroscepticism/