The EU will be in future be better prepared for potential interruptions in natural gas supplies, writes Rzeczpospolita, discussing a draft new law presented by the European Commission. It provides for a further development of the EU’s gas transit system and the creation of reserves. In case of interruptions in supplies from Russia, member states could be supplied from alternative sources (storage facilities or other EU countries). The threshold above which Brussels announces a red alert and calls member states to help those most exposed would be reduced from the existing 20 percent of supplies to just 10 percent in a single-day interruption. For EU member states to be able to help each other in such situations, spending on transit infrastructure is needed, estimated by the Commission at €2.5 billion. Marcel Vietör, expert for the German Council on Foreign Relations (DGAP), believes that despite the significant costs involved, it is likely that the Commission’s proposals will be endorsed. ‘Even the energetically secure countries understand the others’ worries,’ the German expert told Rzeczpospolita.
Gas
Waft of solidarity in EU gas law
17 July 2009
Presseurop
Rzeczpospolita
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.