SouthStream Map

Russia The New European Central Bank

Russia is seemingly taking shape as a some sort of an alternate european central bank, being so in the sense that now that Europe is in shambles and through its worst financial situation ever since its birth and the euro about to be replaced by the national currencies of every european countries, now the Kremlin lead by Putin and company (the silovikys) is taking leverage of its huge and massive yearly incomes for oil and gas exports in hard currency, in order to lend money to countries such as Cyprus, Hungary, Greece, Serbia and the likes for now (if for some reason they are only countries religiously and ethnically allied) it doesnt mean that the margin couldnt be widened to other western european countries in the medium and long term, recalling that the Russian Fund is boasting with almost 600 billions of dollars only for oil incomes savings, taking also into consideration that Russia has massive gold reserves. With tools such as the Nord Stream, now South Stream, also with the Britain government admitting to want to be clients for russian gas exports, as well as other achievements, and having Germany on the verge of a worsening economic situation (the more so being the heaviest economy in Europe), despite what some russo skeptics say, Russia is on the path of somehow replace the ECB (europe central bank) to be a special financial helper of the European Union as a whole.