South Stream’s Credibility Problems Deepen After Brussels Promotional Event
Russian Energy Minister, Sergei Shmatko, and Gazprom’s top hierarchy, along with their West-European business allies, advertised the South Stream project at a promotional event on May 25 in Brussels (Interfax, Euractiv, May 25, 26). The European Commission had agreed to be represented at this event, at Russian Prime Minister Vladimir Putin’s insistence, during the EU-Russia energy summit in February. The Russian side used the intervening months to prepare elaborate presentations of the project and deploy an unprecedented mass of lobbying power. It hoped through this all-out effort to demonstrate South Stream’s viability, neutralize legal objections to it within the European Union, and obtain EU financial backing for the South Stream project. Meanwhile, Putin and Shmatko had cast fresh doubts on this project by proposing a switch in the transportation mode, from pipeline to LNG, across the Black Sea. READ MORE
A Marshall Plan for the Arab World
US President Barack Obama’s major speech on the consequences of the Arab Spring is also a challenge for Europe. Only if the trans-Atlantic partnership proves effective, as it did to meet the demands of the Cold War and the end of Europe’s division, can the West contribute to realizing the hopes engendered by the Arab uprisings. READ MORE
Europe Is Warning Us
Socialist promises of an equality of result are imploding before Europeans’ eyes. READ MORE
Visegrad: A New European Military Force
With the Palestinians demonstrating and the International Monetary Fund in turmoil, it would seem odd to focus this week on something called the Visegrad Group. But this is not a frivolous choice. What the Visegrad Group decided to do last week will, I think, resonate for years, long after the alleged attempted rape by Dominique Strauss-Kahn is forgotten and long before the Israeli-Palestinian issue is resolved. The obscurity of the decision to most people outside the region should not be allowed to obscure its importance. READ MORE
A Russian charm offensive in the pipeline wars
In the corridors of Brussels’ elegant Stanhope Hotel on Wednesday afternoon, the well-turned-out movers-and-shakers of the European energy world were marvelling at the sizeable budget and high-profile guest list for the event they were attending. READ MORE
Russia redrawing Europe energy map
Things couldn't have been better for Russia's energy giant Gazprom even before news came in over the weekend that curtains could be coming down on one of the keenest battles of the Caspian great game, and Moscow is on a winning streak. READ MORE
Surprise Turn Against Qaddafi is Russia's Latest Westward Step
Russia, a quasi-democracy and an imperial power that never quite gave up all of its colonial holdings, has dedicated much of its post-Soviet foreign policy to resisting everything that the NATO intervention in Libya stands for. It shrugs at human rights violators, abhors military intervention, enshrines the sovereign right of states to do whatever they want internally without fear of outside meddling, and above all objects to the West imposing its ideology on others. NATO itself, after all, is a military alliance constructed in opposition to the Soviet Union. But Russian President Dmitri Medvedev took a surprising break from Russian foreign policy precedent on Friday when, in the middle of a G8 summit in France, he declared that Libyan leader Muammar "Qaddafi has forfeited legitimacy" and that Russia plans "to help him go." READ MORE
Hungary’s face of the EU presidency
Interview with Piroska Bakos, spokeswoman, hostess of the EU presidency in Hungary. READ MORE
Russia Flirted as China Flexed, Documents Show
China’s growing military might compelled Japan and Russia, long at odds over a territorial feud, to take a brief time out from their longstanding tiff in 2007 and take on a more cooperative view towards one another, according to a U.S. diplomatic cable released on Tuesday on the WikiLeaks website. READ MORE
Who Should Lead the IMF?
Every time the International Monetary Fund awaits a new managing director, critics complain that it is past time for the appointee to come from an emerging-market country. But whining won’t change the unjust 60-year-old tradition by which a European heads the IMF and an American leads the World Bank. Only if emerging-market countries unite behind a single candidate will they have a shot at securing the post. READ MORE
