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Europe’s Sanctions-Blocking Threats Are Empty
When it comes to Iran sanctions, the EU must satisfy Trump’s demands.
Access to the U.S. financial system hangs in the balance.
A European Union official’s threat this month that Europe would block any attempt by the United States to reimpose sanctions on Iran showed a new level of desperation to deter President Donald Trump from leaving the Iran nuclear deal in May.
But with their access to the U.S. financial system hanging in the balance, European banks know that, in the…