Friday, October 5, 2018

Major currency more than willing to join alternative dollar payment system in Europe if implemented

Switzerland, and of course the Swiss Franc, appear very amenable to joining any new payment system the EU comes up with as an alternative to SWIFT.

Speaking through the Swiss Ambassador to Russia on Oct. 4, the European banking power which holds a major world currency stated that they are lockstep with Brussels and all other European nations should they choose to create and implement a dollar alternative system.

Bern will take part in any new payment system if it were created as an alternative to the Society for Worldwide Interbank Financial Telecommunication (SWIFT), according to Swiss Ambassador to Moscow Yves Rossier. 
Switzerland's position on the issue of creating payment channels that are independent of the United States is unlikely to differ from the position of other countries, Rossier told RIA Novosti. He added his country may participate in setting up an alternative to SWIFT. 
“If there are any new developments in the financial sector, we will closely monitor them, but this is clearly a matter for reflection in the EU, not in Switzerland… But if a new payment system appears, every country will take part in it, including us, of course, why not,” said the diplomat. – Russia Today
Switzerland appears ready to join the growing number of nations bent on de-dollarization and in ensuring that their economies are better protected against aggressive financial attacks such as what is occurring right now to 10% of the world via economic sanctions out of Washington.

Unlike five years ago when Europe was willing to stand with the U.S. in their sanctioning Russia over the Ukraine coup, the continental coalition has rebelled against President Trump in his decision to abandon the 'Iran Deal', and in Washington's threats against anyone choosing to support Russia's Nordstream pipeline project.  And these actions have led to a greater acceleration of de-dollarization in both Europe and elsewhere around the world.

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