>The EU could also cut US access to clearing houses (Clearstream / EuroClear) or the SWIFT payment system.
replyRight, so that the USA would cut us from DTCC?
Eu finance sector is MUCH more dependent on access to US markets than the other way around.
is it though?
replyfor everything inside the EU, i highly doubt it is. For extraterritioral trade. The EU is large enough to trade with other countries in euros instead of dollars.