Tuesday 22 April 2014

A united Europe can end Russia’s energy stranglehold - FT.com

A united Europe can end Russia’s energy stranglehold - FT.com:



"Regardless of how the stand-off over Ukraine develops, one lesson is clear: excessive dependence on Russian energy makes Europe weak. And Russia does not sell its resources cheap – at least, not to everyone.



This, of course, is basic economics. A dominant supplier has the power to raise prices and reduce supply. The way to correct this market distortion is simple. Europe should confront Russia’s monopolistic position with a single European body charged with buying its gas."



'via Blog this'

No comments:

Post a Comment