22/02/2013 (Agence Europe) - THE ECB defends its system of making cross-border payments. On Thursday 22 February, the European Central Bank (ECB) defended its system of making cross-border payments, while according to the Financial Times, the American Congress is preparing new sanctions against Iran aiming to put pressure on the ECB to make it do more to prevent Iranian businesses and banks from using the Target2 payment system to make transactions in euro. Underlining that the ECB respects...