... cheap money. This, coupled with low interest rates across the whole eurozone, fuelled credit and real estate bubbles in the USA and Europe, which burst in 2008-9 amid the global ‘credit crunch’.
At first, this led to a pan-European banking ... ... the Kremlin’s determination to preserve Russian’s “sphere of privileged interests” in the Caucasus and Central Asia are palpable. In the South and East of its vast country, Moscow acts more like a neo-imperial power. Like Beijing ...
... "no single nation or group can dominate world's affairs"; this could be just rhetoric, but it still aids to dispel some peoples worry that Russia's Chinese neighbour could be a threat, while also calling for the final end of USA's hegemony (See: SCMP). Albeit, it is hard to see China not taking the lead regionally and globally in the future as it clearly dominates, particularly in the BRICs (economically and politically). The days of it being the young brother of ...
....ru/files/Outlook_2012_eng_light.pdf
Findings and Conclusions
- Demand Carousel turns towards the Developing States:
In developed economies demand is expected to stagnate. In Europe, perceptions about gas demand have changed drastically over the ... ... substantial net-importer of gas into almost a self-sustainable entity, with a net-equal position between its imports and exports. USA even had to convert its now useless LNG terminals (which it first built at a massive cost to assure gas supplies in early ...