Washington Fines German Bank for its Dealings With Cuba
Prensa Latina | December 16, 2014
Berlin – The second largest German financial institution, Commerzbank AG, was fined by the US government for a billion dollars for conducting business with Cuba.
The Financial Times said this Tuesday that the German company is headquartered in Frankfurt and is the second largest in the country after the Deutsche Bank, which is listed as the fifth most powerful bank in the world.
Commerzbank AG is obliged to disburse a penalty of one billion dollars, according to US provisions establishing penalties for bank agents having made transactions linked to Cuba through US branches.
According to the Financial Times, the German institution agreed last September to pay 650 million dollars after being accused of conducting financial transactions with Cuba, Iran, Sudan and other countries sanctioned by the United States.
The report adds that Washington launched a full-scale investigation against European banks, potential violators of the sanctions regime.
Some of the European banks investigated by the United States are the German Deutsche Bank, the French Crédit Agricole and Société Générale of France, and the Italian UniCredit SpA.
The New York Times published on July 9 that the Treasury Department fined Commerzbank more than 500 million dollars for making transfers through its subsidiaries toward Cuba, Democratic People’s Republic of Korea, Myanmar, Iran and Sudan.
Havana constantly denounces United States’ extraterritorial sanctions against it, with economic entities from almost all over the world joining the Cuban protest.
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In retrospect it can be seen that the 1967 war, the Six Days War, was the turning point in the relationship between the Zionist state of Israel and the Jews of the world (the majority of Jews who prefer to live not in Israel but as citizens of many other nations). Until the 1967 war, and with the exception of a minority of who were politically active, most non-Israeli Jews did not have – how can I put it? – a great empathy with Zionism’s child. Israel was there and, in the sub-consciousness, a refuge of last resort; but the Jewish nationalism it represented had not generated the overtly enthusiastic support of the Jews of the world. The Jews of Israel were in their chosen place and the Jews of the world were in their chosen places. There was not, so to speak, a great feeling of togetherness. At a point David Ben-Gurion, Israel’s founding father and first prime minister, was so disillusioned by the indifference of world Jewry that he went public with his criticism – not enough Jews were coming to live in Israel.
So how and why did the 1967 war transform the relationship between the Jews of the world and Israel? … continue
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Cuba is crazy to believe the US wants to put the past behind them. When they get in to Cuba they will take it over. The rich will have great deals buying up land until the people have non and have to rent to live. The only hope would be if Cuba nationalizes the land and rent it so if the people vote to take control of it in the future they can. The problem though is how can you make this happen when the rich will be the government.
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