ECB Warns UK: Excluding Russia From SWIFT “Could Undermine Confidence In The Whole System”

by Tyler Durden
ZeroHedge.com
02/26/2015

As “isolated” Russia signs a military deal with Cyprus, agrees bilateral trade with Greece, ratifies the $100 billion BRICS Bank, and offers to trade advanced anti-aircraft missiles to Iran, it seems threats of more sanctions against Putin and his nation are finding resistance from an unexpected place. With British PM David Cameron re-demanding that Russia be excluded from the SWIFT global financial payments system, none other than ECB Governing Council member Ewald Nowotny has exclaimed, “one has to be very careful here, exclusion of Russia from Swift would be very problematic because it could potentially undermine confidence in this system as a whole.“

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This entry was posted on Friday, February 27th, 2015 at 1:38 am and is filed under Economics, Government Evil, New World Order, War Without End, World Politics, World War 3?. You can follow any responses to this entry through the RSS 2.0 feed.