'Europe should not allow the US to act over our heads': Germany is challenging the US's financial monopoly as the Iran row deepens
Business Insider -

Germany's foreign minister has challenged the US monopoly on global payment infrastructure.

Writing in German daily Handelsblatt on Tuesday, Mass said: "It is indispensable that we strengthen European autonomy by creating payment channels that are independent of the United States."

"It is high time to re-evaluate our partnership," he said.

European businesses have been caught between the EU and the United States over trade with Iran amid US sanctions.

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