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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.

BERLIN, GERMANY - JUNE 27: Iranian Minister of Foreign Affairs Mohammad Javad Zarif (L) and German Foreign Minister Sigmar Gabriel speak to the media following talks on June 27, 2017 in Berlin, Germany. The two men discussed bilateral relations as well as the Iran nuclear agreement, which eases international sanctions against Iran in exchange for commitments by Iran on its nuclear program. (Photo by Sean Gallup/Getty Images)
BERLIN, GERMANY – JUNE 27: Iranian Minister of Foreign Affairs Mohammad Javad Zarif (L) and German Foreign Minister Sigmar Gabriel speak to the media following talks on June 27, 2017 in Berlin, Germany. The two men discussed bilateral relations as well as the Iran nuclear agreement, which eases international sanctions against Iran in exchange for commitments by Iran on its nuclear program. (Photo by Sean Gallup/Getty Images)

But with their access to the U.S. financial system hanging in the balance, European banks know that, in the…

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