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

Developing nations in dire need

The financial crisis is having a serious impact on low-income countries. more »

EU drives G20 crisis action

The agreement was welcomed by the EU, which has led efforts to crack down on loose banking practices that caused the financial crisis. more »

AB Bank SNORAS group will acquire AB bankas “Finasta” and other companies of AB “Invalda” financial sector

On 31 March this year, the boards of AB Bank SNORAS and AB “Invalda” approved of the purchase and sales transaction of AB “Invalda” financial group's companies. more »

MEPs to vote to step up eco-labelling

MEPs will vote on Thursday 2 April on a first reading agreement on the voluntary EU Ecolabel (“EU flower”) system for environment-friendly products to become less costly and bureaucratic to use. more »

Credit rating firm says U.S. banking industry won't recover until 2010

The fourth quarter of 2008 was not so good for the banking industry, and the financial conditions of commercial banks and savings and loans is expected to further deteriorate for the rest of 2009 and the first part of 2010, according to LACE Financial Corp. more »

Europe's trade with developing countries: Who really benefits?

MEPs recently gave the green light to a new trade deal between Europe and Caribbean countries. more »

Verizon Business Deepens IP Capabilities That Enable Telework

New VoIP Features Boost Flexibility, Mobility, Cost Savings for Organizations Seeking to Untether Workers. more »

Revised GDP

According to the revised data, in IV quarter 2008, GDP at current prices made LTL 28578.8 million and against IV quarter 2007 decreased by 2.2 per cent. more »

Fisheries control: committee rewrites rules on recreational fishing

The EP Fisheries Committee rewrote the rules on recreational fishing in its consultative report, adopted Tuesday, on a proposed “control regulation” to ensure compliance with common fisheries policy (CFP) rules. more »

Trademark fees slashed

In a measure of the Union’s strong growth prior to the financial crisis, the demand for EU trademark rights has shot up in recent years, creating an unexpected budget surplus. more »