Greece on the verge of default: flirting with Russia, quarrels with the EU

Petrakos told Spiegel that Greece wants “to deepen its relations with Russia in the energy sector” and get significant mutual benefit from this. The Greek delegation will talk to the Russian Minister of Energy, Alexander Novak, and the head of Gazprom, Alexei Miller. The periodical reminds that Gazprom controls about 70% of the Greek gas market.

“When possible support by Beijing or Moscow is discussed, Greece primarily counts on selling national property and on its geopolitical position. According to our source, Greece is ready for closer cooperation with Russia, which will enable Moscow to improve its influence on the regional gas market. Athens will also welcome Russian and Chinese investments in its state corporations – for example, the unprofitable railway or the port of Thessaloniki,” Spiegel reports.

“There are serious concerns that Russian President Vladimir Putin will use the chance to divide the EU countries and extend his influence in the south of Europe. Observers expect that Tsipras will explore the possibilities of support for his government via loans from the Kremlin during the visit. Previously, the Greek prime minister denied such plans, but recently Athens, represented by the vice premier Dragasakis, has confirmed that it is searching for sources of financing beyond the euro zone, primarily China.” It should be noted that the Chinese company of Cosco Group is the front runner for purchasing a 67-per-cent share of Port Pyrenees, the largest passenger port of Europe.

Full article: Greece on the verge of default: flirting with Russia, quarrels with the EU (Vestnik Kavkaza)

Comments are closed.