And Germany has fallen into it
by THE ECONOMIST
When a megaproject makes no commercial sense, there are two possibilities. Either its sponsors are fools, or they have other motives. Since Vladimir Putin is no fool, one must assume that his pet pipeline is not really a business venture—and that the fools are the Europeans, in particular the Germans.
In short, Nord Stream 2 could make Ukraine, Poland and the Baltic states less secure, undermine the eu’s energy strategy, give Russia a bigger stick for threatening western Europe and sow discord among nato allies. To Mr Putin, causing so much trouble for a mere $11bn must seem like a bargain. For Europe, it is a trap.
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