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article said:Ejecting Russia from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) network could cripple Russia’s ability to trade with most of the world and deal a heavy blow to its economy.
Unfortunately, the pain would not be spread evenly. Some NATO members would be significantly hurt, others, not so much. Hence, paralysis.
At some point though, the pain caused by failure to eliminate Putin will exceed the pain caused by kicking him off the SWIFT network, even though removing Russia from SWIFT would make it difficult (impossible) for European creditors to get money back from Russian debtors and banks.