Nuke-seeking Iran is hit with deserved sanctions / Worldwide financial quarantine for Tehranís banks (NEW YORK DAILY NEWS EDITORIAL) 03/17/12)
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At noon New York time on Saturday, key Iranian financial
institutions, including the countryís central bank, will be
disconnected from the global banking messaging system. As economic
sanctions go, this one is a killer app.
Henceforth, Iranís ability to engage in international commerce will
be severely limited in punishment for
flouting the world in pursuit of nuclear weapons.
Happily, Iranís protectors in Moscow and Beijing have nothing to say
in the matter. Reconnection to the banking network will come only
when the nukes project ends, not before.
The move is a first by the Society for Worldwide Interbank Financial
Telecommunication (SWIFT), a Brussels-based consortium linking more
than 10,000 banks and securities firms in every country on the
planet. As many as 20 million messages for payments are sent daily,
allowing the movement of money around the world.
But no longer for Iran, as SWIFT was forced to unplug the country to
comply with European Union sanctions on Tehran. Those bar businesses
within the EU ó including SWIFT ó from engaging in trade with
targeted Iranian institutions.
The tighter the noose on Iran the better, because time is running
short in the drive to prevent the mullahs from acquiring the
capability to assemble a nuclear weapon. Once that line is crossed by
a country that has vowed to wipe Israel off the map, there will be no
going back. The world would then face military action. Pray that
thereís no need. (© Copyright 2012 NYDailyNews.com. 03/17/12)
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