Putin Ready for European PIVOT EAST
“The ‘Silk Road’ plan is expected to
change the world political and economic landscape through development of
countries along the routes, most of which are eager for fresh
growth,” Xinhua wrote. Beijing hopes that annual trade volume between
China and “Belt and Road” countries will “surpass 2.5 trillion U.S.
dollars in a decade or so,” – Chinese President Xi Jinping
change the world political and economic landscape through development of
countries along the routes, most of which are eager for fresh
growth,” Xinhua wrote. Beijing hopes that annual trade volume between
China and “Belt and Road” countries will “surpass 2.5 trillion U.S.
dollars in a decade or so,” – Chinese President Xi Jinping
Today Greece is a tiny microcosm of much
of Southern and Eastern Europe. All have too much government debt owed
to distant mega banks, massive underemployment, weak energy starved
economies and rule by distant, unelected, EU bureaucrats. These problems
are combined with minimal prospects for new sources of government
funding and private investment.
of Southern and Eastern Europe. All have too much government debt owed
to distant mega banks, massive underemployment, weak energy starved
economies and rule by distant, unelected, EU bureaucrats. These problems
are combined with minimal prospects for new sources of government
funding and private investment.
The solution is not to be found with the
failing EU but rather looking east toward energy rich Russia and wealthy
China ready to do business with Europe. The new China Silk Road
Eurasian land bridge with highway, pipeline, rail and infrastructure
development that will bring together China, Central Asia, Russia and
Europe may well be the singular investment opportunity of the 21st
century.
failing EU but rather looking east toward energy rich Russia and wealthy
China ready to do business with Europe. The new China Silk Road
Eurasian land bridge with highway, pipeline, rail and infrastructure
development that will bring together China, Central Asia, Russia and
Europe may well be the singular investment opportunity of the 21st
century.
This project like the Asia Infrastructure
Investment Bank (AIIB) created by China and joined by most of Europe is
an attractive funding alternative to the Washington dominated IMF and
World Bank. Just as Europe broke ranks with the US on the AIIB, they will also look east and away from the US leadership for the peaceful economic benefits of Silk Road.
Investment Bank (AIIB) created by China and joined by most of Europe is
an attractive funding alternative to the Washington dominated IMF and
World Bank. Just as Europe broke ranks with the US on the AIIB, they will also look east and away from the US leadership for the peaceful economic benefits of Silk Road.
