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http://rt.com/op-edge/213303-putin-russia-sovereign-swift/
The new European ‚arc of instability‘
By Pepe ESCOBAR
RT- Dec 10, 2014

— E X C E R P T — full text attached

The European Council on Foreign Relations and Berlin think-tank Friedrich Ebert Stiftung have just reached more or less the same conclusion.
If the dangerous stand-off between the EU and Russia over Ukraine is not solved, the EU could face, up to 2030, a military build-up in eastern Europe; a new arms race with NATO as a protagonist; and a semi-permanent “zone of instability” from the Baltic to the Balkans and the Black Sea.
What these two think-tanks don’t – and won’t – ever acknowledge is that a new European “arc of instability” – from the Baltic to the Black Sea, as myself and other independent analysts have stressed – is exactly what the Empire of Chaos and its weaponized arm – NATO – are working on to prevent closer Eurasia integration.
By the way, the Pentagon excels in fabricating “arcs of instability.” The previous one was – and remains – massive, stretching from the Maghreb to Xinjiang in western China across the Middle East and Central Asia.
Moscow has totally identified the plot; Foreign Minister Sergey Lavrov, once again, has made it crystal clear, in detail. (1)
And crucially, some influential sectors in Germany also did, as in members of the cultural elite destroying the notion of a new war in Europe: “Not in our name.” (2)
The same applies to those that always preach more transatlantic cooperation, extol the US’s “defining” role in Germany, and effusively praise Germany as the most American country in Europe; that’s the case of the Frankfurter Allgemeine newspaper – which stands for the core of the political and economic establishment in Germany.
It’s still in an embryonic stage, and has not yet made Chancellor Angela Merkel see the light; but a reverse reengineering of Atlanticist relations is already in progress in Germany.

The SWIFT war
Meanwhile, the proverbial group of extremist US senators, plus the notorious poodles / vassals of Britain and Poland, haven’t stopped lobbying to shut Russia off from SWIFT – just as they did with Iran.
This would be nothing but yet another declaration of (economic) war – or the econo-mic counterpoint to NATO hysteria. In fairness, a great deal of the EU – especially Germany – knows this is madness.
Germany’s top financial paper Handelsblatt recently published a key interview with head of VTB-Bank Andrei Kostin, which has still not been translated into any major English-language paper. (3)
Kostin went straight to the point: “Of course, there is a plan B [in the case of Russia being shut off from the SWIFT bank system], but in my personal opinion it would mean war – if this type of sanction will be introduced. America and Europe did that against Iran but with Iran at that time there were no diplomatic relations, only military containment… if Russian banks’ access to SWIFT will be prohibited, the US ambassador to Moscow should leave the same day. Diplomatic relations must be finished. Banking is the most vulnerable part of the Russian economy because the system is based so strongly on the dollar and the euro.”
Next May, Russia’s Central Bank is planning to introduce an analogue to SWIFT – after key consultations with China. (*) It’s always important to keep in mind that China set up a parallel SWIFT to do business with Iran under sanctions. But still there will be a window of four months for a lot of nasty things to happen after a Republican-controlled US Senate is empowered in January. (…)

Notes
(1) Lavrov’s Big Interview: Russia-NATO Relations, Arms Race and Ukraine; Sputnik/ Evgeny Biyatov / 10.12.2014, URL: http://sputniknews.com/interviews/20141209/1015650233.html
(2) http://www.zeit.de/politik/2014-12/aufruf-russland-dialog
(3) http://www.handelsblatt.com/unternehmen/banken/chef-der-zweitgroessten-bank-russlands-diese-art-von-sanktionen-wuerde-krieg-bedeuten/11071276.html …

Note m.z.
(*) Russia speeds up; see: „Isolated“ Russia Begins Testing De-Dollarization-Driven Payment System … However, it seems the rapid drop in the Ruble (and the Yuan in recent days) has escalated the need for this de-dollarized payment system and, as RT reports, Russia’s Rossiya and SMP banks, which fell under Western sanctions, are among the eight lenders that will start testing the country’s new national payment system on December 15. – Source: zerohedge, Dec 09, 2014 — http://www.zerohedge.com/news/2014-12-09/isolated-russia-begins-testing-de-dollarization-driven-payment-system …

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Martin Zeis
globalcrisis/globalchange News
martin.zeis@gmxpro.net