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

Commission approves amendment to Lithuanian crisis measure allowing small amounts of aid

The European Commission has approved, under EC Treaty state aid rules, an amendment to a Lithuanian scheme allowing aid to be granted of up to €500 000 per company, initially approved on 8 June 2009. more »

The EU and Russia reinforce the Early Warning Mechanism to improve prevention and management in case of an energy crisis

As agreed by the President of the European Commission and the President of the Russian Federation during the last EU-Russia Summit in Khabarovsk, the EU and Russia have strengthened the current dispositions under the EU-Russia Energy Dialogue to prevent and manage potential energy crises, with an enhanced Early Warning Mechanism. more »

EU provides EUR 1 billion for trade facilitation in developing countries

The European Union has today presented to the World Trade Organization the trade facilitation projects it has financed between 2006 and 2008. more »

Commission approves Romanian state guarantee to Ford Romania

The European Commission has authorised, under the EC Treaty’s rules on state aid, a planned state guarantee by Romania to enable Ford Romania SA to access a loan from the European Investment Bank (EIB). more »

Getting out of the red

The economic crisis has left many countries with budget deficits well over the 3% limit. The commission is proposing deadlines for reducing the gaps. more »

In October 2009 prices for consumer goods and services went down by 0.4 per cent

Statistics Lithuania informs that in October 2009, against September, prices for consumer goods and services went down by 0.4 per cent. more »

Lithuania and China aim at strengthening economic and trade dialogue

Lithuania’s Vice-Minister of Foreign Affairs Šarūnas Adomavičius took part in bilateral political consultations with representatives from foreign affairs, commerce and transport ministries of the People’s Republic of China. more »

Excessive Deficit Procedure steps: the Stability and Growth Pact as the anchor for fiscal exit strategies

Under the budgetary surveillance powers conferred by the EU Treaty, the European Commission today proposed to the Council to set 2013 as the deadline for the correction of the budget deficits in Austria, the Czech Republic, Germany, Slovakia, Slovenia, the Netherlands and Portugal. more »

World Bank and Moldova Join Forces to Fight Impacts of Climate Change on Agriculture

A joint partnership between the World Bank, the Moldovan Ministry of Agriculture and Food Industry and the Ministry of Environment was launched in Moldova’s capital in the late days of October. more »

World Bank Group President Zoellick Launches Global Urban Strategy at Inaugural Infrastructure Finance Summit

World Bank Group President Robert B. Zoellick today joins senior officials from the Government of Singapore to launch a new global urban strategy that will guide Bank advisory services and financing in the sector over the next decade. more »