Merkel Salvages Nord Stream, But Is Putin Losing Russia's Gas Monopoly?

Forbes - 02-11


Paul Gregory, Professor Emeritus, Department of Economics. The European Union took a first step with its February 8 vote towards turning Russia’s gas monopoly, Gazprom, from an instrument of Russian power politics into a regulated utility, deprived of its monopoly power. In an odd twist, Germany, the self-proclaimed guardian of European unity, found itself politically isolated from the rest of Europe, which sided with U.S. President Donald Trump. A bitter pill for Germany to swallow.