France supporting Iran against US ‘trade policeman’ (Source middleeastmonitor.com)
France has vowed to fulfil plans to defy the US’ sanctions on Iran while increasing the international role of the euro in order to prevent Washington from acting as the world’s “trade policeman”.
France’s Minister of Economy and Finance, Bruno Le Maire, told the British newspaper Financial Times that Europe is planning the formation of a special financial channel to Iran in order to keep trade flowing with the country and assure its own “economic sovereignty”, with the aim of making the euro as powerful as the dollar.
“Europe refuses to allow the US to be the trade policeman of the world,” Le Maire stated in an interview in Brussels, emphasizing that Europe must “affirm our sovereignty” in regards to the US sanctions on Iran and its wider economic hegemony.
Trump imposes ‘unprecedented sanctions’ as Europe scrambles to save Iran deal
After President Donald Trump pulled out of the Iranian nuclear in May, the European Union – along with Russia and China – remained committed to the agreement, and has insisted on defying the sanctions and facilitating trade with Tehran.
On the Edge of Nuclear Armageddon: Donald Trump Welcomes in the Age of “Usable” Nuclear Weapons (Source globalresearch.ca)
Trump has launched a second nuclear age by rejecting the treaty that was meant to initiate the closing of the first one. The arms race was then slowed, but, alas, the competitors stumbled on through the end of the Cold War. Shutting that arms-contest down completely remained an unfinished task, in part because the dynamic of weapons reduction proved so reversible even before Donald Trump made it into the Oval Office. George W. Bush, for instance, struck a blow against arms control with his 2002 abrogation of the Anti-Ballistic Missile Treaty, which rekindled Reagan’s Star Wars fantasy. The way Washington subsequently promoted missile defense systems in Europe, especially in Poland, where a nearly $5 billion missile contract was agreed to this year, empowered the most hawkish wing of the Kremlin, guaranteeing just the sort of Russian build-up that has indeed occurred. President Trump’s cavalier and supremely ignorant readiness to walk away from America’s most solemn international commitments should offer us all a grim reminder of just how precious that nuclear weapons treaty regime has been. The most decisive covenant of all was the 1987 INF Treaty, which demonstrated that nuclear reductions are possible, and that the movement toward nuclear abolition is, too. The INF Treaty was the pin that has held the mechanism of hope together all these years. Now, our nihilistic president has pulled the pin, apparently mistaking that structure of human survival for a grenade, sure to blow.