An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Friday, June 19, 2020
Sputnik — Britain, France, and Germany Oppose US Effort to Re-Impose Sanctions Against Iran - Joint Statement
Here is comes. Reaction to imperial(ist) overreach.
Needless to add, Russia and China are also opposed.
Sputnik International
Britain, France, and Germany Oppose US Effort to Re-Impose Sanctions Against Iran - Joint Statement
But...
Facing deep recession owing to COVID 19, the EU decides to continue punishing itself economically and to continue to lose Russian markets to BRICS anyway. "Brilliant," especially when sanctions are benefitting Russia by increasing self-sufficiency, on one hand, and also driving it to broader and deeper economic partnership with China, while European firms are loosing ground in Russia.
See also
Who wants to step into the line of fire? European allies face a similar bind in the NATO ramp-up against Russia where Russia has warned participating countries that they will be targeted. Doh.
Anti-Empire
US Wants to Surround China With Missiles, but Its Asian Clients Don’t Want to Host Them
David S. Cloud
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