Home

Archive - Apr 17, 2013

Date

EU rings the alarm bell for France, Italy, Spain and Slovenia

The European Commission has warned of deepening economic problems in France, Italy and Spain, and said Slovenia must take urgent steps to offset the risk of a wider destabilisation across the eurozone. READ MORE

South Stream shapes European Energy Security, Nabucco Falls Behind EU-, US-backed Nabucco gasline project trails Russia's South Stream

video

The Eastern Europe unanimously placed its bet on the South Stream. Plain fact is that the new Europeans chose to protect their national interests in spite of all temptations and threats from Brussels and Washington. Now the South Stream business blueprint is complete and it is entering construction stage. By the end of 2018 the pipeline is planned to reach a transport capacity of 63 billion cubic meters per year – enough gigajoules to supply energy needs of 38 million households. What has encouraged the pro-South Stream choice of Eastern European political elites presuming their frosty relations with Russia? Why did they not resort to broadly advertised alternatives? READ MORE