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Turkey, Russia ink pipeline agreement, end gas dispute

Turkey, Russia ink pipeline agreement, end gas dispute thumbnail

Ankara and Moscow reached a retroactive agreement for a 10.25 percent discount on the natural gas and a payment of $1 billion will be made to Turkey, while the two sides also came to an agreement to complete TurkStream’s second line to Europe by 2019

Turkey and Russia have reached a retroactive agreement for a 10.25 percent discount on the natural gas Ankara buys from Moscow, Energy and Natural Resources Minister Berat Albayrak said Saturday. The two sides also signed a protocol to jointly end the second line of the TurkStream gas pipeline project by the end of 2019. Speaking at the opening ceremony of the ruling Justice and Development Party (AK Party) Istanbul Provincial Directorate’s First Regional Election Coordination Center in Maltepe, Istanbul, Albayrak said a $1 billion payment will be made to Turkey under the deal and that it will be made before the June 24 elections.

Russian state gas giant Gazprom also said Saturday that it had signed a protocol with the Turkish government on a planned gas pipeline and agreed with Turkish firm BOTAŞ to end an arbitration dispute over the terms of gas supplies.

The protocol concerned the land-based part of the transit leg of the TurkStream gas pipeline, which Gazprom said meant that work to implement it could now begin.

Gazprom said in the Saturday statement, without elaborating, that the dispute with BOTAŞ would be settled out of court.

BOTAŞ had appealed to the International Chamber of Commerce (ICC) to resolve the gas price issue with Russia’s Gazprom in October 2015. Before the arbitration, both sides discussed a likely 10.25 percent discount on the prices and did not manage to sign a deal on it.

Turkey demanded a discount on the price of the natural gas from Russia via the Blue Stream and the Western Line in 2015. Gazprom initially agreed on the discount in early 2016, but later on unilaterally canceled the 10.25 percent discount applied to natural gas and Turkey applied to the International Court of Arbitration to resolve the dispute.

Albayrak said that the gas dispute was not the only issue on which Turkey and Russia agreed.

“We came to an agreement that Turkey and Russia will complete the second line of TurkStream by the end of 2019,” he said.

The first line of the pipeline reached the Turkish shore at the end of April after a 930 kilometers deep-water offshore pipe-laying from Russia’s Anapa to Turkey’s Kıyıköy by the world’s largest pipe-laying vessel, Pioneering Spirit.

TurkStream’s first line will carry 15.75 billion cubic meters (bcm) of natural gas to Turkey which is planned to be operational in December 2019. The project will have a total throughput capacity of 31.5 bcm, thanks to the second line that will go to Europe. There was an uncertainty on the advancing of the land-based line of the project that will carry Russian gas to the south European territory.

After Albayrak’s announcement, Gazprom said in a statement that with BOTAŞ it will create a joint venture, TurkStream Gas Transport, to construct the second line of the TurkStream project.

“Thus, we will be completing a giant project by the end of 2019,” Albayrak confirmed.

Turkey’s annual natural gas consumption reached a record high of 53.5 bcm in 2017, according to Turkish Energy Market Regulatory Authority (EMRA).

In 2017, power plants consumed 19.8 bcm of natural gas, 24 percent more than the previous year.

According to EMRA, the share of electricity production in Turkey’s natural gas consumption increased from 35.5 to 37.1 year-on-year in 2017.

Turkey, the second biggest consumer of Russian gas after Germany, imports around 30 billion cubic meters of gas from Russia annually.

However, the share of Russian gas in Turkey’s total natural gas import decreased to 51.8 percent in 2017 from 52.9 percent in 2016. Turkey also imported natural gas from other countries including 9.2 bcm from Iran and 6.5 bcm from Azerbaijan. The number of Turkish natural gas users increased by 1.1 million as it reached 13.6 million in 2017, the data showed. Turkey’s private sector uses 10 bcm of natural gas every year – over 30 percent of the gas imported from Russia.

daily sabah



59 Comments on "Turkey, Russia ink pipeline agreement, end gas dispute"

  1. Manila1 on Mon, 28th May 2018 6:41 am 

    Russia moves forward. America regresses.

  2. Boat on Mon, 28th May 2018 9:39 am 

    Good for Turkey and Russia. I hope this gas benefit trickles down to the populations.

  3. Twocats on Mon, 28th May 2018 9:50 am 

    Turkey has fashioned itself as the future energy hub of Eurasia. It would be interesting to know how Syria is playing into this. Was Syria just a bargaining chip as far as Russia was concerned?

  4. Boat on Mon, 28th May 2018 10:12 am 

    Mak,

    So the US becoming a Nat gas exporter last year is a regression. Then we have new pipelines to Mexico being built. There are Nat gas ports being developed as we speak. So regression after regression after regression. Lol

  5. Cloggie on Mon, 28th May 2018 11:53 am 

    McCain (“the enemy”) exercised pressure on Bulgaria not to implement South-Stream and the Bulgarians complied. Now Russian gas will be delivered to Europe regardless, albeit with the Turks becoming a link in the entire chain, who will take their share plus will maintain the ability to blackmail Europe with closing down the pipeline.

    Too late, stupid Bulgarians:

    https://sputniknews.com/europe/201805211064645953-bulgaria-south-stream-revived/

    https://www.youtube.com/watch?v=cWGgj9X6dmA

    Bulgaria hopes that South Stream could be replaced by Bulgaria Stream:

    https://caspiannews.com/news-detail/bulgarian-president-calls-for-direct-supplies-of-russian-gas-via-bulgaria-stream-2018-5-21-39/

    But Putin most likely wants to invest in relations with Turkey and Iran, in order to throw the West out of the Middle East completely.

  6. JuanP on Mon, 28th May 2018 12:18 pm 

    The USA will continue trying to interfere with Nord Stream 1& 2 and Turk Stream. The Bulgarians had their chance but they were not strong enough to resist the pressure exerted on them and chickened out. They will regret it for a long time. Turkey is in a privileged location that provides it with access to multiple gas sources.

  7. MASTERMIND on Mon, 28th May 2018 12:25 pm 

    clogg

    You are so obsessed with politics..you want so bad for the worlds problems to be fixed by the ballot box..And you ignore the underlining energy dynamics..its your life..It you want to waste it..Go right ahead..

  8. Cloggie on Mon, 28th May 2018 12:54 pm 

    You are so obsessed with politics..you want so bad for the worlds problems to be fixed by the ballot box.

    Can you make up your mind first whether I am a “Natzi” or a democrat? Thanks.

    And you ignore the underlining energy dynamics..its your life..It you want to waste it..Go right ahead..

    What do you mean, ignore energy dynamics? I have a clear vision of where the world should be heading and Europe IS heading. I came here in January 2012, believed that peak conventional oil was somehow important and that the world was facing a major crisis because of running out of oil.

    Now I know that peak conventional oil is a relatively unimportant event. First of all, after peak oil the world will NOT fall off an energy cliff, but will be on a decades long trajectory down hill. Prices will soon be at $150 again, at which point demand will severely collapse, bringing a new equilibrium to the markets. Next new sources of fossil will be exploited (UCG!) and of course, renewables, that will become an ever more attractive option, with prices for solar and wind still coming down.

    Furthermore, the rise of the autonomous car will guarantee a huge demand destruction, encouraging poorer people to abandon private car ownership and simply take the door-to-door bus… em… van.

    https://www.youtube.com/watch?v=y2X1ehdJQSI

  9. Cloggie on Mon, 28th May 2018 2:29 pm 

    Paris-Berlin-Moscow latest:

    German social-democrats insist on improving relations with Russia:

    http://www.spiegel.de/politik/ausland/spd-politiker-fordern-besseres-verhaeltnis-zu-russland-a-1209831.html

    Last week they already decided that Maghreb states are principally “safe states”, excluding the possibility for asylum application from invaders from these territories.

    In Italy the formation of a populist government was sabotaged by the Italian president, who blocked an anti-euro finance minister. New elections are probably next. The Italian Right is now even stronger in the polls. Chances are that the Lega Nord and Berlusconi could get a majority. Berlusconi will prevent too harsh anti-EU measures. On top of that, Berlusconi and Putin are very good friends. Berlusconi famously cut short a telephone conversation with Obama when he was told that Vlad was on another line:

    https://www.washingtonpost.com/news/worldviews/wp/2015/07/24/silvio-berlusconi-and-vladimir-putin-the-political-bromance-that-endured/?utm_term=.4ac470d74bf8

    It looks like relations with Russia could improve drastically soon.

  10. Cloggie on Mon, 28th May 2018 2:34 pm 

    Berlusconi and Putin:

    https://tinyurl.com/yamduzy5

  11. Davy on Mon, 28th May 2018 2:47 pm 

    Berlusconi is the key to a PBM empire? You are hurting for leadership. Talk about a fool who can relate to a fool.

  12. Go Speed Racer on Mon, 28th May 2018 2:51 pm 

    They are buying gas
    from The Russians?
    What a bunch of Turkeys.

  13. Cloggie on Mon, 28th May 2018 2:58 pm 

    “Berlusconi is the key to a PBM empire? ”

    You are intentionally putting words in my mouth. The keys to PBM are France, Germany and Russia, not Italy. But Italy could tilt the balance and exercise decisive pressure to finally abandon anti-Russian US-imposed sanctions.

    https://www.telegraph.co.uk/news/worldnews/europe/italy/11758227/Berlusconi-says-Vladimir-Putin-wants-him-to-become-Russias-economy-minister.html

    “Berlusconi says Vladimir Putin wants him to become Russia’s economy minister” (2015)

    “You are hurting for leadership. ”

    I’m “hurting” for reducing the toxic US influence on European politics and civilization. Let the US become an impotent third world society, not Europe.

  14. MASTERMIND on Mon, 28th May 2018 3:34 pm 

    Clogg

    Nobody gives a shit about your stupid politics..Europe is in a depression that it will never recover from..it doesn’t matter what alliances they form or who the hell is running their countries..its going to collapse when the oil runs short. Just like the soviet union did

  15. Davy on Mon, 28th May 2018 3:37 pm 

    “But Italy could tilt the balance and exercise decisive pressure to finally abandon anti-Russian US-imposed sanctions.”

    neder, dream on, Italy has much bigger fish to fry than anti-Russian sanctions. Once they have a falling out with the EU they will be looking to others for friends. Northern Europeans just want to exploit the south. The south knows this.

  16. Cloggie on Mon, 28th May 2018 4:09 pm 

    The Italians have several fish to fry, leaving the EU and euro is not one of time. Getting rid of toxic US deep state infiltration IS:

    Soros:
    https://youtu.be/1jt9MLdg3JQ

    Immigration:
    https://youtu.be/ZchfJcE3g_g

  17. Davy on Mon, 28th May 2018 4:29 pm 

    What do you know about Italy!! You are a Berlusconi admirer. That shows what you know. Most Italians find him an embarrassment as I am sure most Dutch would find you.

  18. MASTERMIND on Mon, 28th May 2018 4:43 pm 

    white nationalist are always such lovely looking people

    https://i.redd.it/eghjbcf6vj011.jpg

  19. MASTERMIND on Mon, 28th May 2018 5:25 pm 

    Germany’s far-right AfD party rally outnumbered more than four-to-one by protesters

    https://www.independent.co.uk/news/world/afd-germany-far-right-rally-protest-berlin-outnumbered-a8371876.html?utm_term=Autofeed&utm_campaign=Echobox&utm_medium=Social&utm_source=Twitter#link_time=1527535401

    The far right in Europe is only strong at the ballot box..Because its made up of old, sicky, crabby, uneducated, boomers..

    The youth is on the far left side!

  20. MASTERMIND on Mon, 28th May 2018 5:28 pm 

    China challenges US Navy ships in South China Sea

    https://www.smh.com.au/world/asia/china-challenges-us-navy-ships-in-south-china-sea-20180528-p4zhun.html

    Jina! is going down! one missile attack away from WW3..

  21. MASTERMIND on Mon, 28th May 2018 5:39 pm 

    Police filmed punching woman in New Jersey beach arrest

    http://www.bbc.com/news/av/world-us-canada-44281284/police-filmed-punching-woman-in-new-jersey-beach-arrest?ocid=socialflow_twitter

  22. dissident on Mon, 28th May 2018 6:31 pm 

    So much for America’s attempts to beat its minions into submission regarding Russian gas imports. Americans are idiots:

    1) America is a net importer of natural gas and does not have 150 bcm of LNG export capacity and never will.

    2) EU bureaucrats are retards, but not all Europeans. Some of them actually realize tha paying 100% more for LNG is idiotic. Neither the USSR nor Russia have ever used gas exports to the EU as a political chess piece. It is the Ukrainian regimes from the 1990s onward that have been siphoning Russian gas and engaged in all sorts of blackmail about gas transit that have been the direct threat to EU’s gas supply security. Russia has actually bent over backwards to prevent the EU from suffering the full effects of Ukrainian (aka Banderastani) blackmail.

  23. Davy on Mon, 28th May 2018 6:55 pm 

    “Americans are idiots”. One expects a statement like that from an Canadian anti-American Russophile. Dissident is a classic example of someone who comments with a one track agenda. Russia – good America – bad. As long as I have been here he has not deviated from this agenda. With neighbors to the north like him, who needs enemies.

  24. MASTERMIND on Mon, 28th May 2018 7:00 pm 

    Dissident

    Fracking gas is a ponzi..That is what the oil industry’s own geologist called it.

    Insider Documents: Industry Privately Skeptical of Shale Gas
    https://archive.nytimes.com/www.nytimes.com/interactive/us/natural-gas-drilling-down-documents-4-intro.html

    The Shale Gas Revolution Is A Media Myth
    https://oilprice.com/Energy/Natural-Gas/The-Shale-Gas-Revolution-Is-A-Media-Myth.html

    And we are going to have shortages soon.

    Shell forecasts global Natural Gas supply shortage in mid-2020s
    https://www.cnbc.com/2018/02/26/shell-warns-of-lng-shortage-as-demand-for-liquefied-natural-gas-booms.html

    Chevron expects global Natural Gas supply shortage by 2025
    https://www.reuters.com/article/us-chevron-lng/chevron-expects-lng-supply-shortage-by-2025-idUSKCN1GI2EH

    Europe’s Biggest Natural Gas Producer Is Running Out of Fuel
    https://www.bloomberg.com/news/articles/2016-09-16/europe-s-biggest-natural-gas-producer-is-running-out-of-fuel

  25. Cloggie on Mon, 28th May 2018 11:11 pm 

    “With neighbors to the north like him, who needs enemies.”

    You can always count on Israel and KSA to be your friends, imperial Dave, the rest not so much. Time is up.

  26. Cloggie on Mon, 28th May 2018 11:20 pm 

    “That shows what you know. Most Italians find him an embarrassment as I am sure most Dutch would find you.”

    He was PM of Italy for many years, he can’t be that unpopular as you would like to portray him. And he values the Russians much more than the Americans.

    Pim Fortuyn, the Dutchman who started an anti-pc revolution in the Netherlands but was murdered, was a great admirer of Berlusconi. He was buried in Italy out of love for that country.

    http://politiek.tpo.nl/column/berlusconi-de-pim-fortuyn-van-italie/

  27. MASTERMIND on Mon, 28th May 2018 11:41 pm 

    “The easiest thing of all is to deceive oneself; for we believe whatever we want to believe.”

    —DEMOSTHENES

  28. MASTERMIND on Mon, 28th May 2018 11:48 pm 

    Public’s trust in self-driving cars is plunging – for good reason

    http://driving.ca/auto-news/news/publics-trust-in-self-driving-cars-is-plunging-for-good-reason

  29. MASTERMIND on Mon, 28th May 2018 11:57 pm 

    Putin is taking children away from their parents..

    Taking Children from Their Parents Is a Form of State Terror

    https://www.newyorker.com/news/our-columnists/taking-children-from-their-parents-is-a-form-of-state-terror?mbid=social_twitter

    One false flag away from a nuclear first strike! And nobody will ever fuck with the USA again!

  30. Cloggie on Tue, 29th May 2018 12:12 am 

    One false flag away from a nuclear first strike! And nobody will ever fuck with the USA again!

    Bring it on, millikike. It is you and your water carriers Davy and boat and paultard against the rest of the world.

    #BeerAndPopcorn

    Public’s trust in self-driving cars is plunging – for good reason

    It is just like with renewable energy, leave it to Europeans to get it to work. Third world countries are not very good at innovation.

    Putin is taking children away from their parents..

    More (((New Yorker))) anti-Putin agitation. They are getting ever more desperate, they already lost the presidency to a goy! LOL

    2025 max until the breakup. 2 billion Eurasians ready to take millikike’s maffia operation head on:

    https://documents1940.wordpress.com/2018/03/18/ww3-to-terminate-the-us-empire-aka-the-west/

    The old hierarchy between Europe (PBM, 650 million) and its former colony of 3 centuries is going to be restored, or rather PBM-(T)rump-America.

    #MakeMexicoGreatAgain

    http://www.eduborail.org/images/sce/A04%20MAP%201820.jpg

    #ManifestDestinyInReverseGear

    https://upload.wikimedia.org/wikipedia/commons/thumb/1/12/American_progress.JPG/1200px-American_progress.JPG

  31. MASTERMIND on Tue, 29th May 2018 12:14 am 

    We must leave the planet and live on the moon, says Amazon CEO

    https://www.independent.co.uk/life-style/gadgets-and-tech/news/amazon-jeff-bezos-moon-space-blue-origin-latest-resources-a8373151.html

    What a fucking retard! LOL

  32. MASTERMIND on Tue, 29th May 2018 12:19 am 

    Bozo can go first…bye.

  33. MASTERMIND on Tue, 29th May 2018 12:22 am 

    25,000 Berliners drown out a fascist rally with techno

    https://qz.com/1290682/afd-rally-in-berlin-25000-protesters-drowned-out-a-far-right-rally-with-techno-music/

    HAHA! We got the youth and the numbers! When the European civil war hits..The fascist and status quo’s days are over!

  34. Cloggie on Tue, 29th May 2018 1:14 am 

    Berlin is an ultra-red city, always has been. At least half of the protesters were invaders. And the police always downplays rightwing numbers, the real number was closer to 9000.

  35. Davy on Tue, 29th May 2018 4:42 am 

    “You can always count on Israel and KSA to be your friends, imperial Dave, the rest not so much. Time is up.”

    you can call me what you like which is generally a lie but I would rather not be a dirty war pig racist Nazi and that is what you are.

  36. Davy on Tue, 29th May 2018 4:53 am 

    Doom Loop

    “Which Banks Are Most Exposed To Italy’s Sovereign Debt? (Other The The Horribly-Exposed Italian Banks)”
    https://tinyurl.com/yckm9bru

    “Risk. Exposure. Contagion. These are three words we’re likely to hear more and more in relation to Europe, as the Eurozone’s debt crisis returns.”

    “In other words, despite years of the ECB’s multi-trillion euro QE program, which is scheduled to come to an end soon, the so-called “Doom Loop” is still very much alive and kicking in Italy. The doom loop is when weakening government bonds threaten to topple the banks that own the bonds, and in turn, the banks start offloading them, which causes these bonds to fall further, thus pushing the government to the brink. The doom loop is a particular problem in the Eurozone since a member state doesn’t control its own currency, and cannot print itself out of trouble, which leaves it exposed to credit risk. But it’s not just Italian banks that are heavily exposed to Italian debt. So, too, are French lenders, which last year had combined holdings of Italian bonds worth €44 billion,”

    “When banks invest heavily in government debt, they become dependent on the government’s good performance, which is clearly not a given, especially in the Eurozone. Meanwhile, the governments depend on the banks to continue purchasing their debt, which also is no longer a given. This is the “doom loop.” It’s circular. It gets kicked off when either one falters, and the consequences can be dire for both.”

  37. Davy on Tue, 29th May 2018 5:00 am 

    “It’s Been 20 Years Since France Minted That First Euro Coin”
    https://tinyurl.com/yaxcdtgj

    “THE EURO’S RECENT ASSENT Despite the European Central Bank (ECB)’s best debasement efforts, the euro has made gains against the U.S. dollar. Between May 2017 and May 2018, the euro has surged 10% versus the greenback. This is a welcomed trend for European citizens, especially savers and retirees. On the other hand, there hasn’t been as much adulation to the euro’s latest assent by the central planners, indebted members, and failing industries. The strengthening currency has been surprising because of the ECB’s monetary policy which mostly consists of negative rates and $36 billion monthly bond acquisitions.”

    “European financial institutions are lending, but it turns out that they are holding non-performing loans that are causing a toxic debt problem that may turn banks into zombie outfits. The eurozone gross domestic product (GDP), which shouldn’t be the lead economic indicator for governments, analysts, and central banks, slowed to 0.1% in the first quarter of 2018. For all of the interventions by the ECB, Draghi is experiencing reversed results: a booming euro and a lackluster economy.”

  38. MASTERMIND on Tue, 29th May 2018 2:26 pm 

    Cloggie

    Stop spreading fake news..we both know the numbers prove a different story.less then one percent GDP per capita

    Source: World Bank

    https://data.worldbank.org/indicator/NY.GDP.PCAP.KD.ZG?locati

    https://imgur.com/a/9CUAmAB

    All the fake news in the world Clogg won’t make your economy grow again like it did forty years ago..Its contracted for forty years. And now its hanging on by a thread..and on its last legs..

  39. MASTERMIND on Tue, 29th May 2018 2:32 pm 

    Clogg

    Europe economy GDP 1973 (6.1%)

    Europe economy GDP 2016 (1.9%)

    Source: World Bank

    https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?locati&locations=EU

    The days of a strong economy are over..And they are never coming back. And once the growth rate goes negative..That is game over.

  40. Cloggie on Tue, 29th May 2018 2:38 pm 

    Populism further on the rise in Europe and Germany in particular:

    http://www.spiegel.de/politik/deutschland/spd-in-sonntagsfrage-nur-noch-knapp-vor-der-afd-a-1210053.html

    AfD almost 2nd party in Germany at the cost of the social-democrats, who are collapsing everywhere in Europe (in Holland merely 6%, where they used to have up to 33% in the eighties). But the social-democrats embraced multiculturalism and that would be their demise. Germany is lagging behind in Europe, because of that ridiculous guilt-feeling, but it is only a matter of time before the German fury will enflame as Tony Robinson predicts:

    https://www.youtube.com/watch?v=lTZZ_lcV1kY

    The revolution is beginning, which will lead to the overthrow of the empire and the West and pave the way to start all over again and not only reverse 1945, but to some extent 1776 as well.

  41. MASTERMIND on Tue, 29th May 2018 2:43 pm 

    Clogg

    The white trash queen Rosanne just lost her hit show…but peckerwoods are the superior race with high iq’s rite?

    LMAFO!!!

  42. MASTERMIND on Tue, 29th May 2018 2:44 pm 

    clog

    populism won’t solve your economic crisis..You cant vote in prosperity..especially with hate and scare mongers..

  43. MASTERMIND on Tue, 29th May 2018 2:55 pm 

    Clogg

    Billionaire George Soros: ‘The European Union is in an existential crisis’

    https://www.marketwatch.com/story/billionaire-george-soros-the-european-union-is-in-an-existential-crisis-2018-05-29

    HAHA!

  44. Cloggie on Tue, 29th May 2018 3:05 pm 

    Soros is pessimistic, that’s always good news. And he should be pessimistic!

    The Italian Right is expected to score massive gains in the coming elections. Even a coalition Berlusconi-Salvini is very well possible and would break the status quo in Europe and a turn towards Russia. Europe is taking over.

    https://www.rt.com/news/387313-us-losing-leadership-eu-mogherini/

    https://www.express.co.uk/news/world/908338/Berlusconi-Italy-election-2018-EU-army-Brussels-Berlusconi-nuevo-look

  45. Cloggie on Tue, 29th May 2018 3:14 pm 

    “The white trash queen Rosanne just lost her hit show…but peckerwoods are the superior race with high iq’s rite?”

    Not in America. I must say that your tribe has whitey tightly by the balls, respect! “Planet of the apes” and already she must go.

    Meanwhile in Holland, race matters are taken more lighthartedly:

    https://youtu.be/gwhaqBy3OZU

    But then again, apartheid is internationally the fourth best known word after (3) Santaclaus, (2) Yankee and (1) dollar.

  46. MASTERMIND on Tue, 29th May 2018 3:15 pm 

    Clogg

    Italy is collapsing you bumbling idiot..just look at what happened to the markets today..

  47. Cloggie on Tue, 29th May 2018 3:16 pm 

    Dutch word.

  48. Cloggie on Tue, 29th May 2018 3:19 pm 

    “Italy is collapsing you bumbling idiot..just look at what happened to the markets today..”

    Yeah terrible, we are all going to die now. So when are you going to commit suicide? You are aware that Holland has excellent euthenasia services on offer?

    Customer satisfaction guaranteed!

  49. joe on Tue, 29th May 2018 4:23 pm 

    Sad to say, cloggie is right. The EU is facing allot of resistance to full implementation of the Lisbon Treaty aka the Constitution of EU. The core nations plus Ireland will probobly join up, but the EU will probobly split into two camps, one central core of eurozone which will be a strong currency but uncompetitive against an outer zone of competitive currencies where jobs will go to, but their purchasing power will be weak. A rather good arrangement overall since Greece and Italy, Spain etc would be able to fix their broken economies. Migration will fix itself cause with lower living standards and worse purchasing power these economies will not be attractive. The idea of the EU fixes allot of problems but there were unforseen problems which are unresolvable and all the anti democratic behavior like the president of Italy will only make people more angry and hate the EU more.

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