Handelsblatt, 13 July 2010
“An immoral offer," announces an indignant Handelsblatt in its report on Russian gas giant Gazprom’s attempt to enlist RWE in the South Stream pipeline project. RWE is already involved in the rival Nabucco pipeline project, which aims to transport gas from the Caspian Sea to southern Europe. Official sources at RWE have also described the offer as "indecent," although the company still plans to evaluate it. Handelsblatt is concerned that Nabucco will not survive without the full support of RWE which may now be doubt. The business daily notes that Gazprom lobbyist and former German chancellor Gerhard Schröder is a good friend of RWE chairman Jürgen Großmann.
The leader of Greece’s leftist alliance SYRIZA is the new bright hope of Greek politics. Steering a course between pragmatism and the rhetoric of class warfare, he has unsettled Berlin, and not just those who back Angela Merkel's austerity policies.
Europe’s economic woes have forced us to try to understand the secret Olympian world of global finance. But now that we pay more attention to bond yields and stability mechanisms, isn’t it clear that the experts up on their lofty peaks don’t know what’s going on either?
This year’s Eurovision Song Contest is hosted by Azerbaijan, a country that is far from being a model democracy. An Estonian journalist takes a critical look at the deferential treatment enjoyed by the regime in Baku.