European Union

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European Union

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Europe to ditch US dollar in payments for Iranian oil – source


  •  'The European Union is planning to switch payments to the euro for its oil purchases from Iran, eliminating US dollar transactions, a diplomatic source told Sputnik. 

    Brussels has been at odds with Washington over the US withdrawal from the Iran nuclear deal, which was reached during the administration of Barack Obama. President Donald Trump has pledged to re-impose sanctions against the Islamic Republic.

    “I’m privy to the information that the EU is going to shift from dollar to euro to pay for crude from Iran,” the source told the agency. 
    Earlier this week, EU foreign policy chief Federica Mogherini said that the foreign ministers of the UK, France, Germany, and Iran had agreed to work out practical solutions in response to Washington’s move in the next few weeks. The bloc is reportedly planning to maintain and deepen economic ties with Iran, including in the area of oil and gas supplies. 

    Mogherini stressed that the sides should jointly work on the lifting of sanctions as an integral part of the historic nuclear deal. “We're not naive and know it will be difficult for all sides.” 

No need? to mention the significance of this move!
Right now the US dollar is strengthening due to its increasing threats of more interest rate hikes...guaranteeing its collapse over its overwhelming debts at all levels...but when the US Fed moves to stimulate via dollar printing? Watch out for the crashing dollar!



EU Launches Rebellion Against Trump's Iran Sanctions, Bans European Companies From Complying

"We have the duty to protect European companies. We now need to act and this is why we are launching the process of to activate the ‘blocking statute’ from 1996. We will do that tomorrow morning at 1030." - Juncker


Actually there is a 'Europe' thread. NR has one for everything, but perhaps Babble's wonder-wizard search engine didn't find it for you. Never mind, the more the merrier.

Certain NATO Members Will Be 'Dealt With': Trump

"US President Donald Trump said on Thursday that NATO members that do not contribute fully to the group would be 'dealt with', and singled out Germany as a country he said was not doing enough. 

Sitting on Trump's right, [NATO chief] Stoltenberg said: 'Your leadership on defense spending has really helped to make a difference. It is impacting allies because now all allies are increasing defense spending,' he said. 'No allies are cutting their budgets."

Canada supports.


Naming of Technocratic Government Plunges Italy Into Crisis of Class Rule

"A mounting financial and political crisis is spreading across Europe after Italian President Sergio Mattarella named a technocratic government on Monday, effectively nullifying the March 2018 elections. Financial markets are panicking and protests are being called..."


The Beginning of the End of the European Union

"The news out of Italy over the last two days has the potential to completely change the game as it could end in the destruction of the EU."


'Bad Day For World Trade': Brussels Vows To Retaliate Against US Tariffs in Coming Hours

"The EU will introduce swift counter- balancing  measures to steel and aluminum tariffs imposed by the US, according to the President of the European Commission Jean Claude Junker. 'This is a bad day for world trade..."

Trade war on.