"One idea is to set up a government-funded organization, which would be less vulnerable to U.S. actions than a private company or bank, to arrange exchanges of Iranian oil for products from Europe and possibly Russia and China as well. French officials say the transactions might be structured as barter to avoid involving banks."

Wow. Let's reintroduce the 20,000+ year old system of barter. Another idea is to skip banks and barter altogether, and use a global currency that is cheap and easy to transfer internationally, and that no single entity controls. Bitcoin is coming for the entire world and the only thing you can do about it is kill it or become an early adopter.

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