A political decision

Published: 9 August 2000 y., Wednesday
A main motivation behind a recent to decision to sell a stake of Estonia's power stations to Americans was to boost national security, Estonian Prime Minister Mart Laar wrote in an article published August 4. Estonia, which has security concerns vis-a-vis neighboring Russia, agreed to sell a 49 percent stake in the plants to the U.S.-based NRG Energy for 55 million dollars and 361 million more in Opposition parties blasted the deal, saying it would lead to unnecessarily high energy prices. They also said the sale of the plants, which produce 95 percent of the country's electricity, would jeopardize Estonian sovereignty. But writing in Estonia's Postimees daily, Laar said the controversial deal was not only sound economically, but would enhance national security by more closely enmeshing Estonia's vital interests with those of the United States. "The NRG investment will guarantee an American presence here...ensuring that the only superpower in the world will have a continued interest in the stability and fast development of our region," he wrote. "Who could be a better advocate (for Estonia) in the U.S. government than a company which seeks a profit in this region," said Laar, who also criticized the center-left opposition for what he said were displays of disturbing xenophobia in opposing the deal. He said the price of electricity, which NRG energy will be allowed to raise by over 20 percent, shouldn't be the only criteria by which to judge the deal.
Šaltinis: The Weekly Crier
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Taxation: Removing cross-border tax obstacles for EU citizens

Today, the Commission published a Communication which outlines the most serious tax problems that EU citizens face in cross-border situations and announces plans for solutions. more »

State aid: Commission opens in-depth investigation into Hungarian support measures for national airline Malév

The European Commission has opened a formal investigation under EU state aid rules to examine a number of support measures, including several capital injections and shareholder loans, that the Hungarian authorities granted to Malév-Hungarian Airlines in the context of its privatisation and subsequent renationalisation. more »

Fake Chinese products spread

Internet and lax customs enforcement drive growth of 600 billion US dollar counterfeit goods industry. more »

Report: millions escape poverty

350 million people rose out of poverty in the past decade, but 1.4 billion are still extremely poor, says the latest report into rural poverty. more »

Getting more people into better jobs

New plan sets out action to reach 75% employment target for the EU by 2020. more »

Innovation Union: three new European research infrastructures on wind, solar and nuclear energy announced

Research Ministers of the EU Member States and Associated Countries, together with the European Commission, are announcing in Brussels today three new pan–European energy research infrastructures. more »

Commissioner Šemeta visits Moscow to strengthen EU-Russia customs cooperation

Algirdas Šemeta, Commissioner for Taxation, Customs, Audit and Anti-fraud, is visiting Moscow today to discuss ways in which customs cooperation between the EU and Russia can be reinforced. more »

ECB must go on participating actively in tackling the economic crisis

Following on from Monday's debate with ECB President Jean-Claude Trichet, MEPs on Tuesday adopted a resolution, by a show of hands, gauging the ECB's performance in 2009 and suggesting actions to be taken in view of the economic situation. more »

Parliament approves aid to unemployed people in the Netherlands

The European Parliament today approved €10.5 million in European Globalisation Adjustment Fund aid to over 3,000 people in the Netherlands who lost their printing and publishing sector jobs last year, due to the economic crisis. more »

France unveils Taj Mahal gold coin

A diamond-studded gold coin engraved with a picture of the Taj Mahal and worth 100,000 euros is unveiled at the Paris mint. more »