×

Our award-winning reporting has moved

Context provides news and analysis on three of the world’s most critical issues:

climate change, the impact of technology on society, and inclusive economies.

EU needs payment systems independent of U.S. to keep Iran deal alive- Germany

by Reuters
Tuesday, 21 August 2018 15:09 GMT

BERLIN, Aug 21 (Reuters) - Europe needs to set up payment systems independent of the United States if it wants to save the nuclear deal between Iran and major powers that was abandoned by President Donald Trump, German Foreign Minister Heiko Maas said.

"That's why 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," Mass wrote in the Handelsblatt business daily.

"Every day the deal is alive is better than the highly explosive crisis that would otherwise threaten the Middle East," he added in the article to be published on Wednesday.

(Reporting by Joseph Nasr Editing by Mark Heinrich)

Our Standards: The Thomson Reuters Trust Principles.

-->