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Post by ben on May 14, 2018 11:10:50 GMT
This will be interesting: “We have to work among ourselves in Europe to defend our European economic sovereignty,” Le Maire said, adding that Europe could use the same instruments as the US to defend its interests. Speaking on Europe 1 he added: “Do we want to be a vassal that obeys and jumps to attention?” On Friday Le Maire put forward three main proposals starting with an EU-wide blocking statute similar to an EU regulation passed in 1996 designed to nullify any US sanctions imposed on EU firms. The statute permitted European companies to ignore the US sanctions and said that any decisions by foreign courts based on the such sanctions would not be upheld in Europe. The US backed down before any sanctions were implemented. www.theguardian.com/world/2018/may/11/europe-prepares-countermeasures-against-us-iran-sanctions
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