Russia’s President has used Europe’s dependence on Russian gas as a powerful geopolitical lever. But energy geopolitics is a risky game, especially with Brussels now poised to take advantage of opportunities to permanently slash Gazprom’s market share.
The giant consensus machine that is the EU is still running smoothly enough, but Europe – and Greece – will continue to suffer from the euro’s flawed construction.
Germany is facing intense criticism for its handling of the Greek crisis. However, few remember the obstacles the Merkel government had to overcome to reach an agreement with Athens and keep the eurozone together.