European 🇪🇺

  • 115 Posts
  • 346 Comments
Joined 3 years ago
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Cake day: June 10th, 2023

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  • Regional Powers like Brazil, India, China and the EU are moving away from Swift which is under US majority control , and/or the US owned Mastercard/Visa system ( #E):

    “The rise of “sovereign” systems, especially in Europe, a big source of Visa’s and Mastercard’s international business, could erode their enviable operating margins of over 50%. In their latest annual reports, both companies brought up “preferential” treatment of domestic payments systems as a risk to business. That may be one reason why investors have lately been lukewarm about the two giants, despite healthy earnings. After a sustained climb starting in 2023, their share prices have declined in the past year (see chart).”

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  • I say Europe because I think the UK should be included.

    I sort of get what you’re getring at, after reading some comments you made after your first one. But don’t lump Europen countries on the same list as those others like Iran, Ruzzia & China. China Iran and Ruzzia are allies . They are not friends of Europe.

    The USA has created an unsolvable mess which started as a" problem". The damage will already effect the world for 5- 10 years to come,. European countries and the EU didn’t want anyhting to do with Trump’s plan, and they have been continuously negotiating with both sides. But we have a demented mad dog on one side, and a more radicalized Iran currently without any real central gouvernement -as the prior one was decimated- on the other. Its just an extreme shitshow. I’m not sure lack of ideas is exactly the problem. But Trump and his cronies being in charge sure is the biggest one.