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Germany urges new payment system to save Iran deal from US
By EUobserver
Europe must create its own international bank transfer systems independent of the US to save the nuclear deal with Iran, German foreign minister Heiko Maas wrote in the Handelsblatt daily. EU powers have been scrambling to ensure Iran gets enough economic benefits to abide by the arms control deal after the US pulled out of the accord, but European firms remain wary of US financial penalties.