Swift turn: German FM says Europe needs bank transactions system independent from US

Swift turn: German FM says Europe needs bank transactions system independent from US

The European Union should set up a system that would allow Brussels to be independent in its financial operations from Washington, according to German Foreign Minister Heiko Maas. It is indispensable that we strengthen European autonomy by creating payment channels that are independent of the United States, a European Monetary Fund and an independent SWIFT system,”

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