GAME-CHANGER: Europe Poised to End Petrodollar Hegemony With Switch to Euro Instead!

The European trio of Germany, France, and Britain propose to save the nuclear deal with Iran by switching to the euro and blocking the American sanctions. Tomorrow in Sofia, the EU leaders will discuss their actions which have been recently agreed upon with Iranian Foreign Minister Zarif. We already know some details. Even after the US terminated the deal, Europe is still going to import oil from Iran and cooperate in the banking sector. In order to protect its business interests in case of new sanctions against Iran, the EU is ready to adopt the so-called Blocking Act. Previously, Brussels has blocked Washington only once, in 1996, in response to a set of sanctions imposed by Clinton against Cuba, Iran, and Libya. European companies were prohibited from following the American sanctions. Losses were to be legally reimbursed from the USA's representatives in Europe. Ultimately, the White House gave in. Another proposal involves buying Iranian oil with euros instead of dollars a measure that could trigger global changes in the world economy. On the eve of the meeting, President Tusk of the European Council announced that Europe must form a wide front to counteract the economic pressure of the US and ironically thanked Donald Trump for reinforcing European unity. Donald Tusk, President of the EC: "Looking at the latest decision of Donald Trump one might think we don't need enemies when we have friends like that. But frankly speaking, Europe must thank him for dispelling our illusions. We understand that if we need help, we can only count on ourselves".