…which is why it’s often said here that Greece is going nowhere (See also HERE and HERE). It simply holds too much strategic value as it is the gateway to Europe. Whether it’s 100% submission to the German-led troika or a parallel currency compromise, the most likely option, it will stick around in one form or another.
The United States is reporting some success in persuading Greece to accommodate a Western-backed pipeline through Turkey to supply Europe with gas from the Caspian Sea rather than an alternative project – backed by Moscow – that would ship Russian gas.
Washington sent Amos Hochstein, the State Department’s special envoy on energy affairs, to Athens to discuss the options with several Greek officials. On May 8 Hochstein reported that both sides “agreed on more than we disagreed.” Continue reading