Global Energy Supplies: Europe needs an energy policy independent of US interference

It is no secret to the world that the US government has been obstructing the construction of the Nord Stream 2 pipeline for many years by imposing all types of political and economic sanctions on related parties. The stake is high behind the US' suppression of the project, because the pipeline could enable more cheap gas supplies from Russia to Europe, depriving US suppliers of a prime export market.

Whether the Nord Stream 2 will promote energy cooperation between Russia and Europe, or become a trigger of tensions across the Atlantic will remain to be seen. While the US doesn't really care about Europe's energy security, Washington won't tolerate anything that threatens its energy trade.

What the US government wants is to preserve its global hegemony in the energy sector. The US energy hegemony is one of the important pillars of American global hegemony. So, the US will do everything in its position to ensure global energy supply patterns are in line with its global geopolitical power play. If the energy cooperation between Russia and Europe were allowed to unfold without any complications, it is conceivable that many things would be out of the control of the US.

If anything, the energy crisis is another example demonstrating why Europe needs to have the ability to independently form its own political and economic policies including energy security. Europe needs to be clear that its interests are not the same as the US', and it cannot completely follow the US lead on many issues, or it will end up hurting itself.

Read more at: GT Voice: Europe needs an energy policy independent of US interference - Global Times

EU Economy: Battered Europe needs a full fiscal union to drive its economic recovery - by David Brown

A fully integrated European fiscal policy could be a catalyst for much-needed change. Europe needs to find a much fairer way to distribute productive capacity, wealth creation and prosperity throughout the single market. European policy must turn the tide on years of austerity and recommit to much stronger growth and job creation for the future.urope must also open its doors to faster export-led growth, especially with major trading partners like China, India and Russia.

Read more at: Battered Europe needs a full fiscal union to drive its economic recovery | South China Morning Post