To my understanding the decay of a neutral pion into an electron-positron pair can only happen by the electromagnetic force and the mediation of two virtual photons in a triangle-diagram, so it is loop-suppressed.
What I'm failing to understand is: What is forbidding the direct decay into an electron-positron pair rather than 2 gamma rays? And why is the weak decay forbidden?
I assume I'm missing a conservation law, the question is which one?